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MARKET SELF-REGULATION AND ANTI-CRISIS THERAPIES WORLDWIDE (Samoregulacja rynku i terapie antykryzysowe w skali miedzynarodowej)

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Guzek M.

Myśl Ekonomiczna i Prawna

2009

issue 2(25)

44-56

According to the author, in the period of postkeynesism, it was possible to neutralize two crisis generating deficiencies of the self-regulation system of market economy. The lack of an automatic mechanism to regulate the proportions of income division between labor and capital was substituted by a mechanism of social agreements made by employers and trade unions under the supervision of the state. The other deficiency, i.e. a lack of an automatic mechanism to neutralize the misleading signals of the increase of a tendency to save, was neutralized by the introduction of cheap consumer credit compensating a decrease in demand caused by an increase in savings. After almost half a century period of development without a crisis, some new crisis generating factors occurred. The most important of them all is defective interventionism resulting from a transformation of a liberal doctrine of economic policy into a neo-liberal ideology leading to the elimination of the basic rules of proper functioning of the financial markets and to banks' lawlessness. The crisis can be defeated by therapies consisting in the introduction of internationally coordinated proper interventionism which could restore self-regulation of the markets.

POLITICAL CONDITIONS AND DOCTRINAL FOUNDATIONS OF THE TRANSFORMATION IN POLAND IN COMPARISON WITH OTHER POST-COMMUNIST COUNTRIES (Warunki ustrojowe i podstawy doktrynalne transformacji w Polsce na tle innych krajów postkomunistycznych)

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Guzek M.

Myśl Ekonomiczna i Polityczna

2010

issue 1(28)

77-92

The article presents a diagnostic assessment of the political and economic system transformation process in Poland. The author expresses an opinion that Solidarity as a mass social and political organization played a significant role only in the destruction of communism but not in the creation of a new political system. Its main leader, Lech Walesa, did not allow it to do so. And it was substituted in that role by the conservative - formerly communist - power after it had eliminated the orthodox communists' fraction. In co-operation with the Democratic Union and later the Union of Freedom, and Lech Walesa himself, it substantially contributed to the creation of a new post-communist system. In such conditions the economic system could not be formed following the model of fair capitalism but political capitalism based on the principles of pseudo-liberal ideology and propaganda and a contemptuous treatment of the academic science of liberal-market economics. The article also presents two forecast scenarios of future changes of the political system.

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1 Myśl Ekonomiczna i Polityczna

1 Myśl Ekonomiczna i Prawna

1 2010

1 2009

2 Guzek M.

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MARKET SELF-REGULATION AND ANTI-CRISIS THERAPIES WORLDWIDE (Samoregulacja rynku i terapie antykryzysowe w skali miedzynarodowej)

POLITICAL CONDITIONS AND DOCTRINAL FOUNDATIONS OF THE TRANSFORMATION IN POLAND IN COMPARISON WITH OTHER POST-COMMUNIST COUNTRIES (Warunki ustrojowe i podstawy doktrynalne transformacji w Polsce na tle innych krajów postkomunistycznych)