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Eugen Varga




Here authored the economic reports the congresses of the Comintern discussed between 1921 and 1935. A large number of his writings were studies of the international economic conjuncture, in which he made great effort to assess quantitative trends in output, investment and employment using official economic data from numerous countries. He also extensively studied German imperialism.

In 1946 he published "The Economic Transformation of Capitalism at the End of the Second World War", in which he argued that the capitalist system was more inherently stable than had been hitherto believed. This led to the closure of the Institute which he headed (see: Paolo Spriano, ''Stalin and the European Communists''. London: Verso, 1985). Though he remained a leading academic economist, his prestige had diminished. In the second edition of the Great Soviet Ecyclopedia he was qualified as a "bourgeois economist". After Stalin's death he reappeared on the scene, but the new men in power in the Kremlin believing in the virtues of peaceful co-existence were not interested in Varga's predictions of the outbreak of a "necessary" economic crisis in the United States.

Varga never returned living in his native Hungary. Because he was very close to Rákosi , he was several times invited as an economic advisor to Hungary. In this periode (1945-1950) he had specialized in economic planning, pricing and monetary reforms, i. e. reforms the Hungarian Communists now in power were carrying out. After the fall of Rákosi caused by the Hungarian upheaval of 1956 and the take-over by the Kádár team Varga's advisory work was not appreciated anymore.
References: Peter Knirsch, Eugen Varga, Berlin, 1961; Laszlo Tikos, E. Vargas Tatigkeit als Wirtschaftsanalytiker und Publizist in der ungarischen Sozialdemokratie, in der Konimtern, in der Akademie der Wissenschaften der UdSSR, Tübingen, 1965; André Mommen Eens komt de grote crisis van het kapitalisme. Leven en werk van Jeno Varga, Brussels, 2002; Gerhard Duda, Jeno Varga und die Geschichte des Instituts für Weltwirtschaft und Weltpolitik in Moskau 1921-1970, Berlin, 1994.