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Dynamism, Rivalry and the Surplus Economy:

Two Essays on the Nature of Capitalism

Oxford: Oxford University Press

Translated by Brian McLean




“János Kornai is one of the most significant economic thinkers of our time. Over what is now many years, his insights have flowed not just from his penetrating thought but the experience he has lived. These two new essays are from that mold. Kornai’s observations on how capitalism works are troubling but on target, and the surplus of labor to which he points may well turn out to present one of the paramount challenges our society will face in the decades ahead.” — Benjamin M. Friedman, William Joseph Maier Professor of Political Economy at Harvard University and the author of The Moral Consequences of Economic Growth

“This is a profound and fascinating book on innovation and economic change, on the nature of capitalism and socialism, by one of Europe’s most famous economists. It is a milestone in the research on economic change and development.” — Hans-Werner Sinn, Professor of Economics and Public Finance at the University of Munich and President of Ifo Institute– Leibniz Institute for Economic Research at the University of Munich












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