Theoretical Aspects of Cartelization in Central Europe – An Introduction to Cartel Theory

• Authors: Lukáš Nikodym
• Languages of publication: EN

Abstracts

EN

The aim of this essay is to show incorrect steps of economic policy based on misunderstandings of Central European economic thought between the crises in 1873 and 1929. After-crisis governmental protectionism led to a massive cartelization which required another government regulation. The process of regulation and protectionism resulted in forced cartelization and the market has disappeared by the year 1938. The conclusion of this paper essay states that liberalization and market deregulation would be a better solution how to regulate cartels because the process of forced cartelization could lead to a transition process to a centrally planned economy.

Keywords

EN

Forced Cartelization; Central Europe; Tariff Policy; Economic Crises; History of Economic Thought

Discipline

• ECONOMICS: ECONOMICS
• HISTORY: HISTORY

• Publisher: Silesian University in Opava, Faculty of Public Policies, Czech Republic
• Journal: Central European Papers
• Year: 2014
• Volume: 2
• Issue: 1
• Pages: 25-38

Contributors

author

Lukáš Nikodym

• Katedra hospodářských dějin, Národohospodářská fakulta, Vysoká škola ekonomická v Praze, nám. Winstona Churchilla 4, 130 67 Praha, Czech Republic