Back to the Realities: Reflections of a Hungarian Banker

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Back to the Realities: Reflections of a Hungarian Banker

By János Fekete
Akadémiai Kiadó, 1982
359 pp. $35.00
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The Deputy President of the National Bank of Hungary has been a pioneer in weaving connections between his country and the world economy. He has also helped shape the remarkable innovations the Hungarians have made in the concept of a centrally planned socialist economy. The 30-odd well-edited papers (in English) in this volume reflect both sides of his work with lucidity and humor. The "realities" to which this Marxist economist would like to return include fixed exchange rates and an international standard linked to gold.

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