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ON CERTAIN IMPLICATIONS OF NON-LINEARITY IN KEYNESIANISM (O niektórych implikacjach nieliniowosci w keynesizmie)

100%
Jakimowicz A.
Ekonomista
|
2009
|
issue 1
15-48
EN
Following Kurt Gödel's incompleteness theorem, it should be observed that Keynesianism cannot be fully explained on economic grounds alone. A justified assessment of validity of any model requires that it should be referenced in a wider context. A natural framework for such assessments is provided by the general system's theory. When logical homologies that link separate bodies of science are identified, it is possible to apply concepts and methodology of a more advanced discipline into the approach of the less advanced one. At least nine logical homologies among Keynesianism and the ideas of contemporary natural sciences have been identified so far. The analysis of the non-linear model of business fluctuations (Keynes - Samuelson - Gabisch) indicates that the degree of complexity of any economy is subject to changes in relation to the contemplated control parameters.
2

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

80%
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.
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