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Kornai, janos, I 928- (B3)<br />Hungarian mathematical economist, educated in science at the Hungarian Academy of Science and in economics at the Karl Marx University of Economics, Budapest. He has been professor of economics at the Hungarian Academy from 1955 and at Harvard from 1986. Apart from his mathematical modelling of the planning process, he has been famous for his attack On Walrasian GENERAL EQUILIBRIUM theory and for his demonstration of how quantity, not price, balances supply and demand. Later he considered the similarities between communist and capitalist economies. His ideas have had considerable influence in the West.<br /><em>Reference</em><br />Kornai, J. (1959) Overcentralization in Economic Administration: A Critical Analysis Based on Experience in Hungarian Light Industry, London: Oxford University Press. - (1967) Mathematical Planning of Structural Decisions, Amsterdam: North-Holland.<br /> - (1971) Anti-Equilibrium on Economic Systems Theory and the Tastes of Research, Amsterdam: North-Holland.<br /> - (1980) The Economics of Shortage, Amsterdam: North-Holland.<br /> - (1982) Growth, Shortage and Efficiency: A Microdynamic Model of the Socialist Economy, Oxford: Basil Blackwell.
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<strong>HTML</strong> – HyperText Markup Language, the authoring language used in the creation of websites and documents for the World Wide Web. Reports available within MODEL Direct may be exported in an HTML format, allowing the information to be viewable on the screen or printed from the web browser.

<strong>Department of Higher Education (DHE)</strong> – The Missouri state agency overseeing the state' s higher education systems and related policies and administering student aid programs, including the FFEL Program and state aid programs such as the Bright Flight Scholarship. Also known as the MDHE. The agency' s website may be found at www.dhe.mo.gov.

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