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  1. 2 Optimum. Studia Ekonomiczne

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  1. 2 2011

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  1. 2 Kaminska K.

  2. 1 Trybuchowicz M.

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1

CRITIQUE OF KEYNESIANISM BY WALTER EUCKEN AND WILHELM RÖPKE (Krytyka keynesizmu w pracach W. Euckena i W. Röpkego)

100%
Kaminska K.
Optimum. Studia Ekonomiczne
|
2011
|
issue 4(52)
14-32
EN
The two proponents of ordoliberalism, W. Eucken and W. strongly Röpke, emphasised the weaknesses of J.M. Keynes' approach and the possible hazards of its practical application in economic policies. The purpose of this paper is to present the main objections that Eucken and Röpke raised to Keynesianism. Among them, the most prominent issue was inflation, which, according to both authors, is a side effect of Keynesian economics. Another criticism of Keynes was that he overlooked the importance of ethical principles, which could lead to adverse economic consequences and undermine the moral foundations of society. Eucken's and Röpke's observations are as valid today as they were in the authors' time, and can be a source of inspiration for economic theoreticians and practitioners who contribute to the process of establishing economic order.
2

RELATIONSHIP BETWEEN ECONOMIC ORDER AND LEGAL ORDER IN GERMANY (Wspolzaleznosc ladu gospodarczego i prawnego w RFN )

63%
Kaminska K., Trybuchowicz M.
Optimum. Studia Ekonomiczne
|
2011
|
issue 6(54)
77-91
EN
The social market economy model, developed in post-war Germany, for the past few decades has undergone gradual change. A shift has been observed from the liberal economic order towards the Keynesian welfare state model. The article is an attempt to identify the causes of these changes, taking into account the dependencies between the legal order and the economic order. The authors focus mainly on changes in German legislation and their impact on the shape of liberal economic order in the Federal Republic of Germany.
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