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EN
The next (31) part of Cooperative Thought Library reminds of excerpts of the once notorious Gide and Rist’s book entitled: The history of economic doctrines. About Charles Gide (1847 - 1932) we have already written (in part 4 of Cooperative Thought Library, "Money and Social Bond" 1 (30) Spring 2006). Here we should recall that Gide was born and raised in a Protestant family, which undoubtedly had an impact on his views. It is striking how the concepts of co-operative - seen as a "third way", which runs between liberalism and Marxism - sought a balance between religion (sensitizing it to social issues, which it often did not see) and "socialism" (which, in turn, deprived human of the spiritual dimension). Protestants were also members of School in Nimes established among others by Gide: pastor Tommy Fallot, August Fabre, Edward de Boyve. Charles Rist (1874 - 1955) - was also a French economist, professor at the Faculty of Law at the University of Montpellier; in the 20s deputy head of the Bank of France, an international financial expert, a member of the Academy of Moral and Political Sciences; in the 30s, with the support of the Rockefeller Foundation, founded the Institute for Economic and Social Research (IRES). Here we remind excerpts after: Charles Gide, Charles Rist, History of economic doctrines. From the physiocrats to the present time, trans. M. Kwiatkowski, Volume 2, School of Economics Library, London [1920] (chapter 4 Theories based on Christianity, pp. 209 - 241).
EN
Already before the pandemic, the world has been facing many challenges. COVID-19 made the situation more complicated, deepening the structural economiccrisis. The blocking of economic activities, justified by medical reasons, results in an economic recession and an accompanying increase in unemployment, as well as looseningof monetary policy and the need for additional public expenditure. A part of this spending is necessary for social reasons and to save and support the business; a part is beingswindled and misdirected or wasted. Budget deficits and public debt are increasing on a massive scale, which leads to moving away from austerity measures. Unusual perturbations,both in the real economy and in finance, pose new questions which orthodox economic thought often fails to answer. When the pandemic is over, not only will theeconomic policy search for ways to return to growth, but also the theory will formulate new thoughts.
PL
Już przed pandemią świat stał w obliczu wielu wyzwań. COVID-19 skomplikował sytuację, pogłębiając strukturalny kryzys gospodarczy. Motywowane względamimedycznymi blokowanie aktywności gospodarczej powoduje recesję i towarzyszące jej narastanie bezrobocia, a także rozluźnianie polityki monetarnej i konieczność ponoszenia dodatkowych wydatków finansów publicznych. Część z nich jest niezbędna ze względów socjalnych oraz dla ratowania i wspierania biznesu, część jest wyłudzana oraz źle adresowana i marnotrawiona. Na ogromną skalę rosną deficyty budżetowe i zwiększa się dług publiczny, co powoduje odchodzenie od stosowanych procedur oszczędnościowych. Nietypowe perturbacje, tak w realnej gospodarce jak i w finansach, stawiają nowe pytania, na które ortodoksyjna myśl ekonomiczna nierzadko nie potrafi odpowiedzieć. Po pandemii nie tylko polityka ekonomiczna poszukiwać będzie sposobów wprowadzania gospodarki na ścieżkę wzrostu, lecz również teoria formułować będzie nowe myśli.
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