Odrodzenie liberalizmu : koncepcja rządów prawa a zmiana w podejściu do polityki pieniężnej w ekonomii końca XX wieku

• Autorzy: Michał Czwarno

Warianty tytułu

The Rebirth of Liberalism : the Concept of Rule of Law and a Change in the Approach to the Monetary Policy in the Economics of the Late 20th Century

• Języki publikacji: PL

Abstrakty

Artykuł zestawia koncepcję rządów prawa, cieszącą się ostatnio ponownym wzrostem zainteresowania, ze zmianami w podejściu do polityki pieniężnej w ekonomii końca XX wieku. Autor rozdziału konstatuje, że kluczowe idee z zakresu nauki o prawie są obecne nie tylko w nowej ekonomii instytucjonalnej, ale również w ekonomii głównego nurtu. (fragment tekstu)

EN

In recent years one can observe a growing interest in the liberal concept of the rule of law in the field of both law and economics. This process has been facilitated mainly by emerging markets analysis and the study of socio-economic transformation. While the lawyers focused on how a given legal system contributes to the emergence of democracy, the economists paid special attention to relation between the quality of law and the dynamics of economic growth. The idea of the rule of law became the core of contemporary doctrine of liberalism which brings together lawyers and economists in their belief that freedom, democracy and capitalism are complementary and indispensable for one another. According to the approach dominant in economic literature, the idea of the rule of law is explicit in the New Institutional Economics which concentrates on property rights analysis. On the other hand, its influence on what has happened in the mainstream economics over the last 25 years, when keynesianism was replaced by monetarism which, together with the New Classical Economics formed the cornerstone for the revolution in monetary policy, seems underestimated. This paper argues that the model of monetary policy which is dominant today shows series of analogies to the basic assumptions of the concept of the rule of law, and that the monetary system, like the legal system, can be seen as an element of a wider aggregate: the liberal society. (original abstract)

Słowa kluczowe

PL

Ekonomia; Liberalizm; Instytucjonalizm; Prawo

EN

Economics; Liberalism; Institutionalism; Law

• Czasopismo: Ekonomia i Prawo
• Rocznik: 2005
• Tom: 1 Ład instytucjonalny w gospodarce
• Strony: 87--99

Twórcy

autor

Michał Czwarno

• Uniwersytet Mikołaja Kopernika w Toruniu

Bibliografia

• Alesina A., Summers L., Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence, Journal of Money, Credit and Banking, May 1993.
• Alesina A., Macroeconomics and Politics, [in:] NBER Macroeconomics Annual, September 1988.
• Blaug M., Teoria ekonomii: ujęcie retrospektywne, PWN, Warszawa 2000, s. 724.
• Buchanan J.M., Congleton R.D., Politici by Principle, not Interest, Cambridge University Press, Cambridge 1998, s. 7-8.
• Buchanan J.M., The Constitutional Way of Thinking, Supreme Court Economic Review 2002, vol. 10, No. 1, s. 53.
• Dicey A.V., Introduction to the Study of the Law of the Constitution, (8th Edition), Macmillan, London 1915, s. 107-122.
• Fraser B.W., Central Bank Independence: What Does It Mean?, Reserve Bank of Australia Bulletin, December 1994, s. 6-7.
• Friedman M., A Theory of the Consumption Function, Princeton University Press, Princeton NJ. 1957.
• Friedman M., Inflation and Unemployment, Nobel Memorial Lecture, [in:] A. Lindbeck (ed.), Nobel Lectures, Economics 1969-1980, World Scientific Publishing Co., Singapore 1992.
• Friedman M., Schwartz A., Monetary History of the United States: 1867-1960, Princeton U.P., Princeton NJ. 1963.
• Friedman M., The Quantity Theory on Money - A Restatement, [in:] M. Friedman (ed.), Studies in the Quantity Theory of Money, Chicago University Press, Chicago 1956.
• Friedman M., The Role of Monetary Policy, American Economic Review 58, March 1968.
• Godlów-Legiędź J., Doktryna społeczno-ekonomiczna Friedricha von Hayeka, PWN, Warszawa 1992, s. 70-73.
• Graczyk A., Racjonalność gospodarowania w ekonomii, Acta Universitatis Nicolai Copernici Ekonomia XXXII, Toruń 2002, s. 10-11.
• Grilli V., Masciandaro D., Tabellini G., Political and Monetary Institutions and Public Financial Policies in the Industrial Countries, Economic Policy 1991, vol. 13 (October).
• Hayek F., Competition as a Discovery Procedure, [in:] Ch. Nishiyama, K.R. Leube (eds.), The Essence of Hayek, Hoover Institution Press, Stanford University, Stanford Calif, 1984.
• Hayek F., Constitution of Liberty, The University of Chicago Press, Chicago 1960, s. 148-159.
• Hayek F., New Studies in Philosophy, Politics, Economics and the History of Ideas, Routledge & Kegan Paul, London 1978.
• Hayek F., The Use of Knowledge in Society, [in:] Ch. Nishiyama, K.R. Leube (eds.), The Essence of Hayek, Hoover Institution Press, Stanford University, Stanford Calif, 1984.
• Keynes J.M., Ogólna teoria zatrudnienia, procentu i pieniądza, PWN, Warszawa 2003.
• Kydland F., Prescoct E., Rules rather than Discretion: The Inconsistency of Optimal Plans, Journal of Political Economy 1977, No. 85.
• Kydland F., Prescott E., Rules rather than Discretion: The Inconsistency of Optimal Plans, Journal of Political Economy 1977, No. 85.
• Landreth H., Colander D., Historia myśli ekonomicznej, PWN, Warszawa 1998, s. 692-693.
• Lucas Jr R.E., Rapping L.A., Real Wages, Employment, and Inflation, Journal of Political Economy 1969, No. 77.
• Lucas R.E. Jr., Expectations and the Neutrality of Money, Journal of Economic Theory 1972, No. 4.
• Lucas R.E. Jr., Monetary Neutrality, Nobel Memorial Lecture, [in:] T. Persson (ed.), Nobel Lectures, Economics 1991-1995, World Scientific Publishing Co., Singapore 1997, s. 246-265.
• Lucas R.E. Jr., Some International Evidence on Output-Inflation Tradeoffs, American Economic Review 1973, No. 63.
• Muth J.F., Rational Expectations and the Theory of Price Movements, Econometrica 1961, No. 29.
• Oakeshott M., The Rule of Law, [in:] M. Oakeshott (ed.), On History and Other Essays, Basil Blackwell, Oxford 1983, s. 119.
• Pollard P.S., Central Bank Independence and Economic Performance, The Federal Reserve Bank of St. Louis Review 1993, vol. 75, No. 4 0uly/ /August), s. 22-24.
• Scalia A., The Rule of Law as a Law of Rules, University of Chicago Law Review 1989, vol. 56 (Fall), s. 1180-1185.
• Snowdon B., Vane H., Wynarczyk P., Współczesne nurty teorii makroekonomii, Warszawa 1998, s. 199 i passim.
• Zywicki T.J., The Rule of Law, Freedom and Prosperity, Supreme Court Economic Review 2002, vol. 10, No. 1, s. 4