Tag Archives: Hungary

Industry agreements increase wages for low-skilled workers, while company agreements increase medium- and high-skilled wages

The impact of the development of modern systems of collective bargaining on the structure of wages in the post-socialist economies of Central Europe remains largely unexplored. This (open access) article seeks to fill this gap. Using a large, matched employer-employee … Continue reading

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Why did the transition from socialism to capitalism result in economic growth in some countries and decline in others? It is about mass privatization

In general, scholars have advanced three main arguments to explain why did the transition from socialism to capitalism result in improved growth in some countries and significant economic decline in others: (1) successful countries rapidly implemented neoliberal policies; (2) failures … Continue reading

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The Sense of Dissonance: Accounts of Worth in Economic Life

David Stark argues, firms would often be better off, especially in managing change, if they allowed multiple logics of worth and did not necessarily discourage uncertainty. In fact, in many cases multiple orders of worth are unavoidable, so organizations and firms … Continue reading

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