Mainstream economics still regards the economy as the free competition between enterprises, which are small enough not to have control over the market. In fact, as John K. Galbraith has proven 40 years ago and that still holds true, developed capitalism necessary produces giant firms, which are not controlled by the market rather they control and manage it according to their self interests. Economic shocks over the past decades have not falsified this basic truth. On the contrary, recent company scandals support the fact that large firms widely manipulate the market.
Category Archives: Former issues
Keynes and Polanyi: the 1920s and the 1990s
In the 1970s, a counter-revolution in economics restored the neo-classical doctrines prevailing before the Great Depression. Since the 1990s, the contradictions and consequences of the emerging neoliberal order have become apparent. For analysing these, the works by J.M. Keynes and K. Polanyi are instrumental, and the proposal by the latter about economic planning and international finance on a regional scale should be revisited.
Remarks on János Kornai’s article ”What the change of system means?”
Mrs. Bridgeman who herself builds no bridges. Women and/in Hungarian cinema (industry) in the past sixty years
The article explores women's involvement in the production processes of film industry during state-socialist times and after. Based on original research, and approaching existing source material from a new perspective, the study asks the question of whether state-socialist policies to encourage women's employment also affected the domain of creative work? The text also juxtaposes a relatively favourable representation of women during the decades of state-socialism with recent male-dominated, if not homosocial shooting and production processes.