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Trwająca właściwie do dzisiaj dyskusja na temat przyczyn wielkiego kryzysu z okresu międzywojennego pokazuje, jak trudno sformułować na tego typu pytania odpowiedzi, które znalazłyby powszechną akceptację. Kryzysy, szczególnie o takiej skali, jak wspomniany wcześniej wielki kryzys z lat 30., bądź ten, którego końca obecnie wypatrujemy, prowadzą do intensywnie zadawanych pytań "dlaczego",...
Because they have failed to address the fundamental economic imbalances within Europe obscured by the single currency, each effort by European leaders so far to resolve the euro crisis has only deepened it. Without a decisive move toward fiscal and political union, accompanied by policies that push productivity and competitiveness toward convergence while closing the democratic deficit, the Eurozone...
The following theses of the research method adopted by M. Friedman arouse major doubts: — falsification ot hypotheses constitutes the only tost of their truthfulness, — main role of the theory consists in formulating forecasts. The principle of falsification „through implications" means that realism of assumptions of theoretical hypotheses remains outside the framework of the verification procedure,...
From among concepts explaining the sources of inflation, manuals of political economy list generally demand, cost, and quantitative (monetaristic) theories, which roughly corresponds to the structure of studies on this problem in the early sixties and naturally does not include, to any major extent, the scientific contributions of the last few years. The traditional approach has, among others, the...
This study contains a review and presentation of critical analysis of the concepts explaining the nature and causes of inflation in the contemporary capitalism, which prevail in the Anglo-American literature. The first chapters discus s both " traditional concepts of inflation" i .e . demand and cost inflation. They both derive from the same Keynesian theoretical roots , and they interpret...
The article presents basic theses at monetarism both in the sphere of economic theory end policy. As the author is interested, first of all, in outlining differences in relation to the contemporary Keyneaiam the article does not discuss in an exhaustive, manner the internally hierarchized structure of monetaristic views with the main attention being focused on problems accounting for a distinct character...
Despite successive failures in its application the incomes policy as a tool in the fight with inflation is an object of animated discussion in the USA both among economic theoreticians and in wide social circles. A comparative analysis performed in the article on two different attitudes to the question of J. K. Calbralth and Milton Friedman allows to state that apart from theoretical differences In...
In this article the author describes the evolution of theoretical views appearing in Western economy on the relationship between inflation and unemployment, and makes an attempt at commenting on and evaluating basic points of controversy against the background of the present economic problems faced by higly-developed capitalist states. There is discussed the concept based on the so-called Phillip's...
The model of a competitive market with the Walrasian auctioneer is the starting point
and a basic element of neoclassical theory. In spite of a number of modifications it has in
principle been relevant till today.
Keynes abandoned the analysis in Walrasian categories, pointing out that it is incorrect
both to limit the analysis to trade-off effects of changes in price relations and to reduce the...
The problem of inflation bold a crucial position in Friedman'a works.
According to him, intensifying inflationary trends constitute a major threat
for the future of capitalism both as regards effectiveness of its economics
functioning and prospects of undisturbed social development.
Friedman's theory of inflation is represented, in fact, by the hypothesis about a natural unemployment rate,...
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