PROGRAM
WELCOME
Laszlo Bruszt
PRESENTATION
Balint Magyar and Balint Madlovics
Q&A, INFORMAL DISCUSSION
You may joint the event here: Zoom
ABSTRACT
The latest book of Balint Magyar and Balint Madlovics, The Anatomy of Post-Communist Regimes (CEU Press, 2020) introduced a new descriptive language for political-economic systems, a key concept of which is “relational economy.” Characterized by the informal collusion of power and ownership in the form of patronal networks, such an economy cannot be captured adequately by the concepts developed for Western market economies, nor by the economic indicators developed along the assumptions of Western concepts. In the presentation, they will elaborate on this problem, and offer alternative quantitative measures for different aspects of informal patronalism.