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Walter Eucken's Idea of the Ordoliberal Economic Policy

100%

Pysz P.

Ekonomista

2007

issue 3

341-364

Walter Eucken asserted that Adam Smith's invisible hand should necessarily be supported by the economic policy aiming at the creation of competitive order in the economy. This article presents the theoretical foundations of the ordoliberal concept of such a policy. The said concept stresses, at the same time, the requirement that individuals enjoy life freedoms in concordance with the principles of ethical behaviour. Eucken's approach towards the contents and tasks of economic policy addresses all its important aspects: 1) main objectives for the economy, 2) the role of the state, 3) the existence of superior societal values, 4) principles by which competitive economic order is introduced into the system's operation, 5) methods and instruments of economic policies and, 6) the functions of economic agents. The analysed concept provides for the intellectual premises which might help to neutralize the weaknesses of economic policy observed in many countries, inclusive of member countries of the EU.

From the Controversies around Transformation toward the Strategy of Development

88%

Sadowski Z.

Ekonomista

2007

issue 6

771-780

Assessment of the Polish transformation proved to be a controversial subject. Over a number of years it seemed clear that transformation was highly successful in introducing rather quickly a democratic liberal system together with a market economy. Lately, however, this was put in doubt, when an anti-liberal stand was adopted by the governing party and the idea of creating a state based on social solidarity was announced, while issues of economic policies received only minor attention. This represented an attempt to change the actual role of the state. For economics the nature of the economic system and the role of the state are the issues of fundamental importance. It is nowadays widely agreed that the market mechanism, although essential for economic efficiency, cannot be left to itself in view of the menace it creates for future development. Active government is needed both to assist and to apply corrective policies. These ideas found expression in the programmes of the European Union which determine the responsibility of the state in influencing the development processes by working out a rational blend of economic, social and ecological policies.

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2 Ekonomista

1 Pysz P.

1 Sadowski Z.

2 2007

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Walter Eucken's Idea of the Ordoliberal Economic Policy

From the Controversies around Transformation toward the Strategy of Development