The paper deals with a description of the relationship between Ethics and Economics, widely discussed today. The Author focuses primarily on the Ordoliberal theory and it’s close connection with Ethics.

The article concerns the sources of the financial crisis in the U.S. from the perspective of the quality of information. The problem of asymmetric information is analyzed on the basis of relations among market participants involved in assets securitization.

The main aim of this paper is to refresh the theoretical concept called Wagner’s Law which says that economic growth should be stipulated by increasing public expenditure. Observations of the long term trends lead to the conclusion that allocation of resources by the state systematically...

The aim of this paper is to compare various models of state responsibility for access to financial markets. The result of this comparison was used to limit the public intervention during the global financial crisis.

The aim of this article is to point at main implications stemming from behavioural economics for retirement savings. The author presents main models of choice relevant to the intertemporal choice developed by economical psychologists (prospect theory, hyperbolic discount function, system of...

Since the 1990s various kinds of exchange rate regimes have been employed, such as the adjustable peg regime, the crawling peg regime and the so-called ERM II shadow. This article aims at presenting Hungarian experiences concerning the exchange control policy and the effects of its application. Many

Regulation, the purpose of which is to protect and develop the competitiveness of business activity carried out by business entities, is one of the most important elements of the legal order that guards the appropriate development of market economy. At present, it is based on the Act on...

The article is a synthetic discussion of the current state of the business cycle theory. Three groups of current theories have been briefly discussed

The aim of this paper is, firstly, to assess the main factors of market failure in the municipal economy and, secondly, to show its practical consequences for the regulatory framework. The municipal market failure follows from market inefficiency connected mainly with natural monopoly and...

The study discusses the issue of fulfillment by Poland of the so-called fiscal convergence criteria, concerning public debt and public deficit, based on the regulations of the European and Polish financial laws, as well as in the context of their economic character.