László Ladó

He was the Auditor General of the Ministry of Finance (PM) between 1952 and 1963.

From 1963, he was an associate professor at the Department of Industrial Business Economics of the Budapest University of Technology (BME), later at the Department of Industrial Business Economics of the BME Institute of Social and Economic Sciences, from 1971 he was a university professor, then between 1978 and 1984 he was the head of the Department; from 1992 he was an emeritus professor.

He dealt with business economics and logistics research, with the systems theory issues of corporate organization and accounting, and with material handling, primarily with the optimization of the movement elements of production processes, the systems theory issues of the mechanization of these elements, and the economic effects of long-distance transportation. He is credited with developing and introducing the new cost accounting procedure and the new analysis procedure for operating overhead costs.

From 1954, he was among the first in Hungary to examine the possibilities of implementing a technical-economic information system and, in this context, an electronic machine park. From the early 1960s, he played a significant role in the preparation of the concept draft entitled “Automation of administrative and business work with digital technology” and the domestic guidelines for electronic data processing.

Together with László Edelényi, he is one of the initiators of the construction of the domestically developed EDLA target computer (the name of the computer is reminiscent of their names).

He became a candidate of economic sciences in 1957, and a doctor of transportation sciences in 1969. He is the author of several books.

Award: Bartók Nagy András Lifetime Achievement Award (Hungarian Chamber of Auditors, 2005).