The 90th anniversary of world-renowned economist Janos Kornai (Harvard University and Corvinus University of Budapest) was celebrated by a series of international conferences in 2018. One of these conferences entitled “The Importance of Kornai’s Research Today” was held at the Corvinus University of Budapest on February 21-22, 2018.
Janos Kornai
At the conference Laszlo Zsolnai presented a paper on “Ethics and Market: The Crowding Effect”. He analyzed cases where markets crowd out ethical coordination and pointed out the need for developing institutions for markets where ethical motivation and market coordination reinforce one another.