PL EN


2008 | 11 | 4(41) | 9-15
Article title

Austrian School in Economy and Social Sciences

Authors
Title variants
Languages of publication
PL
Abstracts
EN
The article characterizes Austrian School representatives' views of banking and currency role in free market economy. The author presents Austrians' views on the central bank and government's role in evoking of inflationary phenomenon and causing economic cycles at the same time. He formulates thesis that the cause of current financial crisis is not the free market or the lenders'/debtors' greed, but incorrect government policy in the legislation area (re-investment into society act) as well as incorrect FED policy based on 'providing liquidity' and keeping artificially Iow interest rates.
Year
Volume
11
Issue
Pages
9-15
Physical description
Document type
ARTICLE
Contributors
  • H. Kaczmarczyk, Uniwersytet Humanistycznmo-Przyrodniczy w Kielcach, ul. Zeromskiego 5, 25-369 Kielce, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
09PLAAAA05791
YADDA identifier
bwmeta1.element.2da751af-1f5c-3871-8911-f46e12c9889f
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