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• Limits of Economic Theories in Border Research

  98-116

  Szabolcs Pasztor

  Views:

  143

  The paper approaches the possible consequences of further trade liberalization, integration and the disappearance of borders from the perspective of well-known economic theories. After putting forward the questions and hypotheses, the author shows the different conclusions of economic approaches in the case of further integration and disappearing borders in borderlands. Using the results of economic theories the paper outlines the development path of those spatial units where state borders still play an important role in forming economic interactions. It comes to the conclusion that only regional reshuffling
  can be mentioned in relation to further integration. The paper also draws attention to the fact that economic theories do not give clear-cut and comprehensive answers for development, so the economic approach could be too simplistic. Consequently, a wellelaborated empirical research programme could provide a genuinely nuanced picture of the development path of borderlands.

  Journal of Economic Literature (JEL) classifications: F15, O18, R12

• The “Timeless and Highly Topical at the Same Time”: In Memory of Professor András Bródy

  5-17

  Zsuzsa Bekker

  Views:

  127

  Professor András (Andrew) Bródy, one of the most outstanding of post-war Hungarian economists, perhaps the most spirited member of his generation, died at the age of 86, on 3rd of December, 2010. For several decades he had been dealing with the mathematical formulation of Marxian theory. He was an internationally respected model-builder, applying input-output analysis, also working with Professor Leontief in this field. He was both in full command of high-level theoretical knowledge, and proficient in the latest methodological approaches. He also conducted pioneering research into the application of
  the laws of thermodynamics to economic problems. His international fame was initially based on his book Prices and Proportions, published in Hungarian (1969) and also in English by North-Holland (1970). Several articles, conference papers, and several other books he wrote or edited broadened this recognition,
  the most important landmarks being Ciklus és szabályozás (Cycles and Regulation, 1980) in Hungarian, Slowdown (1982) in both English and Hungarian, and finally, Near Equilibrium in English (2004) and Chinese (2009). Fortunately, he participated in the work of our department, the History of Economic Thought at the Corvinus University of Budapest between 1995 and 2005. This article in his honour is a brief summary of his achievements and a reader’s selection of his writings prepared for the students of our department which reflect his views on the state of economic theories; also attached is a bibliography of his most important publications.

  JEL classification: A11, B23, B24, B32

• The Monetary Union and the policitcal unification in Europe

  96-104

  László Jankovics

  Views:

  126

  The article deals with the European Economic and Monetary Union's connection with politics. The author examines how the Monetary Union came to be with the help of the traditional integration theories and also what answers can be gained from them on the question of politically unification. He shows how the Werner-plan, mentioned as the forerunner of the EMU, helped in forming the Union in the light of the theory of optimal currency areas. He points at the problem around European fiscal federalism. In order to elevate the mostly underrated economic powers, he uses the Mundell-Fleming model to illustrate the economic relations behind the Union, which, to some extent, stand in contrast with the way of behaviour driving back to political thinking.

• On the interconnectedness of the skill-premium concept

  175-188

  Peter Foldvari

  Views:

  90

  The skill-premium concept, and its interconnectedness with technological development and international trade, has become an important area of economic research in recent decades. The aim of the present study is, using the latest academic work in the field, to bring together the most important theoretical developments and to serve as an introduction to the subject.