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  1. 1 Studia Ekonomiczne (Economic Studies)

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  1. 1 Machaj M.

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  1. 1 2009

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Kilka wyzwań dla teorii ekonomii po kryzysie

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Machaj M.
Studia Ekonomiczne (Economic Studies)
|
2009
|
issue 3-4(62-63)
279-296
EN
The article presents six challenges confronting economic theory after 2008 crash, which should be addressed by economists in next few years. The first challenge raises the question regarding compatibility of economic stability with consumer price stability. The second one questions the existing theory of interest rates and its relation to capital theory. The third one touches upon the problem of unstable banking and currency systems. The forth one combines those issues and relates them to the role of central banks. The fifth challenge is due to unrealistic risk assessments used by the mainstream models. And the sixth challenge is due to forlorn hopes of perfect regulatory mechanisms to prevent those types of crashes from happening.
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