Showing 1 - 10 of 20
This paper examines Friedrich von Wieser's theory of the socialist or communist planned economy. It identifies in Wieser's Law of Power (1926) the abiding interests that stimulated his attempt to use Carl Menger's theory of subjective value to present a theory of socialism, first in Natural...
Persistent link: https://www.econbiz.de/10005036579
The commentary defends the central idea of current institutional social research – that institutions are significant variables influencing the human action regarding the resource allocation. This idea was strongly opposed by the scientific board of the Czech economic faculty (institutionally...
Persistent link: https://www.econbiz.de/10011195227
During 1930s and 1940s Josef Macek developed monetary theory leading to monetary policy recommendations which are deeply influenced by macroeconomic theory of John Maynard Keynes. Macek became leading Czech left-wing keynesian. His theory of money was nominalist and similarly to J. M. Keynes and...
Persistent link: https://www.econbiz.de/10005036614
Currently, if speaking about the theoretical background of the environmental policy, most of environmental economists have neoclassical economics in their minds. State regulation of private activities by means of restrictions, commands, taxes and fees is usually seen as the only one way to reach...
Persistent link: https://www.econbiz.de/10005036704
Neoclassical environmental economics, ecological economics and free market approaches to environmental protection are currently three main schools of thoughts that are systematically focused on interactions between the society and the environment. They all have strong defenders as well as...
Persistent link: https://www.econbiz.de/10008501740
My article is an impetus for a discussion on liberal aspect of the thinking of social democratic politician and economist Josef Macek (1887-1972). In the first part I define Macek´s approach to liberalism (his understanding of the basic notions, concept of the relationship between an individual...
Persistent link: https://www.econbiz.de/10008553102
The aim of the article is to explore how the results of the U. S. subprime mortgage crisis influenced economic policy of governments in highly developed countries. It analyses consequences of a state intervention especially for government budgets and a rise of government debts. Then the article...
Persistent link: https://www.econbiz.de/10011195202
The paper aims to show a comprehensive insight into the history of business economics science in the Czech Republic, marginally also on the European continent and worldwide. It depicts business economics in its beginning as a doctrine that was largely underestimated. This science was, for a very...
Persistent link: https://www.econbiz.de/10011195206
According to quite a number of scholars, even non-Austrian, some theories of Austrian school of economic thought do provide an increasingly relevant material to explain recent boom-and-bust economic cycles as well as financial crises. However, I argue, this development is not adequately...
Persistent link: https://www.econbiz.de/10011195246
The beginning of modern times, in contrast to the previous era, is still characterized by a growing importance of labour in human life. The article is focused on the new social policy and the evolution of institutions called workhouses and house of corrections which illustrate the growing...
Persistent link: https://www.econbiz.de/10011195261