Principles of the Economic Philosophy in Hungary

Since the elections in April 2014, numerous economic and political analyses have been published on what happened and what the future will look like for Hungary. From among the abundant explanations and forecasts the most powerful one to emerge has been the government narrative. After winning the overwhelming majority of parliamentary seats, it seems that the master plan of Viktor Orban has finally been achieved. He can position his party in the middle of the political arena and himself as the defender of democracy against far right party Jobbik. At the same time, the totally fragmented ‘left’, which has been unable to formulate coherent economic and political messages, is far from being able to pose a serious challenge to the government. The aim of the present analysis is to serve as a basis to reveal the fundamental principles behind the government’s economic policy. The understanding of the economic philosophy helps to see economic decisions and measures in their complexity and to judge the long-term economic sustainability of the government strategy with confidence. This strategy may have significant consequences and set a strong framework for the economic and social development of the next decade. (Click on the picture)