The outsanding American economist elaborated his position on the necessary reform of international economic policies in 1998 January. On the basis of the experience with East Asian crises, he criticises the so-called Washington consensus and outlined a new one.

One of the most widespread views in mainstream economic thought is that redistribution is a bad thing, because high taxes and duties undermine productivity and eficiency and therefore it needs to be minimised if we wanted to accelerate economic development. The truth element in this view is minimal, though we know that myths are usually not maintained by real experience but by the ideological hegemony of special interests.

Housing policy and related subsidies are in the focus of our contemporary political debates. Since 1999, the government has brought new measures of support. The article provides a comprehensive and detailed analysis of these new directions with an eye on the social dimension of housing policy.

In 2000, the reconstructionperiod after the post-communist slump has ended, according to official statements. The government takes pride in the continuing economic growth of annual 4-5%. It is, however, impossible to understand this phenomenon without the develoment theory developed by Ferenc Jánossy four decades ago.