Market
Socialist
Hungary's Worker Self-Management period (1956–1968) under János Kádár represents Market Socialism. Enterprises were granted autonomy, worker councils managed production, and market-like mechanisms were introduced while maintaining state control over major industries. Though politically a single-party state, its economic model allowed decentralized decision-making and limited market activity, distinguishing it from full command economies.
János Kádár
Hungary's Worker Self-Management period (1956–1968) under János Kádár represents Market Socialism. Enterprises were granted autonomy, worker councils managed production, and market-like mechanisms were introduced while maintaining state control over major industries. Though politically a single-party state, this economic model allowed decentralised decision-making and limited market activity (colloquially referred to as 'Goulash Communism'), distinguishing it from full command economies.