Theory of Economy as the Original Cause of the World Crisis
A growing debate around the active role played by the neoliberal ideology and the economy connected with it in the crisis development. The polarisation of researchers in this area is quite significant: starting from the negation of this role to its complete affirmation. This analysis is aimed at con...
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| Format: | Article |
| Language: | English |
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VIZJA University
2011-06-01
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| Series: | Contemporary Economics |
| Online Access: | http://ce.vizja.pl/en/download-pdf/id/205 |
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| _version_ | 1850172826567311360 |
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| author | Witold Jakóbik |
| author_facet | Witold Jakóbik |
| author_sort | Witold Jakóbik |
| collection | DOAJ |
| description | A growing debate around the active role played by the neoliberal ideology and the economy connected with it in the crisis development. The polarisation of researchers in this area is quite significant: starting from the negation of this role to its complete affirmation. This analysis is aimed at contributing to the aforementioned debate, putting forward the following hypothesis: historical development of mainstream economics and its influence, to a considerable extent, determined the outbreak of the large-scale crisis. In the analytic part, I look into some aspects of economic methodology, both orthodox and heterodox, taking my own position on the basis of important literature. Criticism of the traditional paradigm and a review of innovative trends in research do not show a straightforward road, however, which imposes a moderately optimistic outlook on the future, especially as regards the application value of the theory of economy. |
| format | Article |
| id | doaj-art-d4c58b6aee824a1aa504a8053fb3e4b1 |
| institution | OA Journals |
| issn | 2084-0845 |
| language | English |
| publishDate | 2011-06-01 |
| publisher | VIZJA University |
| record_format | Article |
| series | Contemporary Economics |
| spelling | doaj-art-d4c58b6aee824a1aa504a8053fb3e4b12025-08-20T02:19:58ZengVIZJA UniversityContemporary Economics2084-08452011-06-015219910.5709/ce.1897-9254.8Theory of Economy as the Original Cause of the World CrisisWitold JakóbikA growing debate around the active role played by the neoliberal ideology and the economy connected with it in the crisis development. The polarisation of researchers in this area is quite significant: starting from the negation of this role to its complete affirmation. This analysis is aimed at contributing to the aforementioned debate, putting forward the following hypothesis: historical development of mainstream economics and its influence, to a considerable extent, determined the outbreak of the large-scale crisis. In the analytic part, I look into some aspects of economic methodology, both orthodox and heterodox, taking my own position on the basis of important literature. Criticism of the traditional paradigm and a review of innovative trends in research do not show a straightforward road, however, which imposes a moderately optimistic outlook on the future, especially as regards the application value of the theory of economy.http://ce.vizja.pl/en/download-pdf/id/205 |
| spellingShingle | Witold Jakóbik Theory of Economy as the Original Cause of the World Crisis Contemporary Economics |
| title | Theory of Economy as the Original Cause of the World Crisis |
| title_full | Theory of Economy as the Original Cause of the World Crisis |
| title_fullStr | Theory of Economy as the Original Cause of the World Crisis |
| title_full_unstemmed | Theory of Economy as the Original Cause of the World Crisis |
| title_short | Theory of Economy as the Original Cause of the World Crisis |
| title_sort | theory of economy as the original cause of the world crisis |
| url | http://ce.vizja.pl/en/download-pdf/id/205 |
| work_keys_str_mv | AT witoldjakobik theoryofeconomyastheoriginalcauseoftheworldcrisis |