Traditionally, the state bureaucracy in Japan has been enjoying great prestige although remunerations earned by that group are not among the highest. The high social position results from the role played by the state ...

One of the major and at present most frequently made charges against social policies in developed market economies is that they stimulate unemployment, increase it and extend its duration. This charge is not new; it ...

Hayek’s position in the dispute over about rationality of the socialist economy is closely related to his original view on the essence of the economic problem. Hayek underlines that the general economic problem of each ...

Against the background of the discussions taking place at present about the future shape of a transformed polish economy this paper recalls a similar discussion which greatly absorbed theorists of economics and economic ...

The main issues of Ayresian instrumental economics presented in the paper are: - interpretation of American capitalism made by C. E. Ayres in accordance with the principles of his instrumental economics; - theory of ...

The model of a competitive market with the Walrasian auctioneer is the starting point and a basic element of neoclassical theory. In spite of a number of modifications it has in principle been relevant till today. Keynes ...

The analysis of the data on the average annual rate of growth of consumer goods prices in OECD countries in the early 1980s and the inflation rate confirms the view held by J. Tobin that the 1980s are the period of ...

The paper attempts to define the Keynesian concept of economic policy and contains a general presentation of Keynesian economics including its major currents. Furthermore, the paper presents the concept of the Austrian ...

The paper undertakes an analysis оГ the basic trends, features and socio-economic effects of unemployment m the United States after World War II. The statistical survey conducted by the author confirmed a significant ...

The author discusses the influence exerted on the Finnish economy by the war reparations paid to the USSR in 1944-1952. The first section of the paper deals with the genesis, course and material structure of the reparations. ...