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1

RHYTHM OF LABOUR AS THE ELEMENT OF ECONOMIC ORDER

100%
Lukin S.
Optimum. Studia Ekonomiczne
|
2009
|
issue 3(43)
194-199
EN
The rhythm of labour is an element of the economic order of any society, thereby it undoubtedly determines the economic efficiency and effectiveness and within a wider context economic and social order. The author describes in his paper the evolution of the labour rhythm dividing it chronologically into three stages - Old Testament, New Testament and modern periods. Post-industrial society is prone to individualize the rhythm of labour, making it asynchronous. Sacred periods of time are loosing their institutional meaning, contemporary society is working non-stop, and this is its one of the most distinguishing features as compared to traditional societies. Christian rhythm of labour as ordered, deliberate changes between simple, complex, liturgy labour and rest is still the sound sample among the chaotic ways of modern civilization.
2

The Role of the State According to the Ordoliberal Concept of Economic Policy

100%
Pysz P.
Ekonomista
|
2005
|
issue 1
77-97
EN
Ordoliberal orientation as a variety of the liberalism seems to create the intellectual premises helping to overcome the presently observed weaknesses of the liberal doctrine. Ordoliberalism stresses the role played by the 'developmental mission' which is understood to direct the activities of the state towards building the economic order. Economic order, under conditions of freedom for business entities and the proper operation of markets, assists majority of individuals in the society to attain their objectives. According to ordoliberal orientation the invisible hand, for its effective performance, requires the supplement in the form of economic order, formed by the state. European integration and the realities of globalization support the view that the ordoliberal thought on policies that enhance the economic order should be enriched beyond, the initially assumed by ordoliberals, the limits of national economies.
3

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

100%
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.
4
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ADVANTAGES AND HAZARDS OF GLOBALIZATION TO THE WORLD ECONOMIC ORDER (Korzysci i zagrozenia wynikajace z globalizacji dla swiatowego ladu gospodarczego)

88%
Rewizorski M.
Przegląd Zachodni
|
2010
|
issue 4(337)
49-63
EN
An analysis of the process of globalization enables an estimation of the benefits and losses that can affect the stability of the world economic order. The basic influences on the system of world economy include a variety of socio-economic and civilizational-cultural issues. Among them of special importance in recent years is the asymmetry in the development of particular countries and consequences of the world crisis for financial globalization. The presented considerations show that it is difficult to trace a clear boundary between the benefits and hazards that result from globalization. The building of harmony in world economy is hampered by the fact that globalization is as yet incomplete and unfinished. Moreover, numerous political, social and economic problems emerge, the overriding one being the improvement of the fate of two billion people who live in poverty. Unfortunately, there is at present no one universal mechanism that would eventually eliminate the hazards entailed by globalization and stabilize the world's economic system.
5

ETHICAL AND LEGAL ISSUES IN SOCIAL MARKET ECONOMY (Etyka i prawo w koncepcji spolecznej gospodarki rynkowej)

88%
Trybuchowicz M.
Optimum. Studia Ekonomiczne
|
2011
|
issue 4(52)
53-62
EN
The intention of this paper is to provide an overview of the ethical aspects of social market economy, with particular attention to the role of the legal system. The author demonstrates that a legal system has an auxiliary role to the system of values at the core of social market economy. Besides, it promotes the practical realisation of the values inherent in the idea. Liberty, justice and equality are the three pillars of social market economy. Only under these conditions can business entities participate in market competition on the basis of equal opportunities. The paper breaks new ground by pinpointing the interdependence between the practical implementation of value systems in the market economy and the supporting role of the legal system, as well as by identifying the common roots of social market economy and the modern legal system of Germany, which dates back to the Weimar Republic, when law concepts based on neo-Kantism were developed and when the fundamentals of the ordoliberal theory were laid down (the Freiburg School).
6

PRINCIPLES OF SOCIAL MARKET ECONOMY AND THE PROSPECTS OF THEIR IMPLEMENTATION IN BELARUS (Printsipy sotsial'nogo rynochnogo khozyaystva i perspektivy ikh vnedreniya v Belarusi)

88%
Poplyko V.
Optimum. Studia Ekonomiczne
|
2011
|
issue 4(52)
130-147
EN
The paper explores the socio-economic principles of the 'welfare state'. The author believes that economic policy of state plays a key role in determining the institutional structure of the economic order. A review of possible directions of economic reforms in Belarus is provided. The research methods used in this study are derived from the ordoliberal theory.
7

SOCIAL MARKET ECONOMY AND THE PRESENT-DAY CHALLENGES (Koncepcja spolecznej gospodarki rynkowej a wyzwania wspolczesnosci)

51%
Kania L.
Optimum. Studia Ekonomiczne
|
2011
|
issue 4(52)
63-78
EN
Social market economy, notably advocated by the then Minister of Economy and Chancellor of the Federal Republic of Germany, Ludwig Erhard, postulates that socio-economic order should be based on free and responsible competition, with the help of shrewd and long-term state institutional policy. The conception assumes that an economy, being a subsystem of society, is responsible for producing the material foundations necessary for a society to exist and prosper. In Erhard's own words, an economic system should ensure 'prosperity for all'. Whereas free and - which he particularly emphasised - responsible competition is a means to this end. Not only does it discipline entrepreneurs, but also unleashes the creative potential of individuals. However, freedom which is not accompanied by the awareness of the consequences of one's choices, or willingness to accept those consequences, easily degenerates into license and excess. Therefore, economy is closely related to ethics, of which Erhard and other representatives of the ordoliberal school were only too aware. Free and responsible competition does not only result from ethical principles, but is also an effect of proper state institutional policies, founded on a long-term vision of economic development and a monetary policy which attempts to achieve and maintain price stability. Social market economy proposes a socio-economic system based on: competition, freedom, strong ethical standards and wise state policy leading to a stable social and economic order. The concept can then become a valuable source of inspiration for contemporary politicians and scientists, who face the challenges of today's constantly changing and unpredictable world.
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