István P. Székely is a retired Director of the Directorate-General for Economic and Financial Affairs at the European Commission. He is also Co-Editor-in-Chief of Acta Oeconomica, and an Honorary Professor at Corvinus University, Budapest, Hungary.Péter Halmai is Professor of Economics at the Budapest University of Technology and Economics, Department of Economics, and the National University of Public Service, Budapest, Hungary. He is also a Jean Monnet Professor and a full member of the Hungarian Academy of Sciences (HAS) as Chair of the Academy’s Section of Economics and Law.