Institutional Determinants - Decorations or Yoke - A Crisis Test

• Autorzy: Wacław Stankiewicz
• Języki publikacji: EN

Abstrakty

EN

Institutional determinants of economic crises as a subject of scientific study is a compromise between quality notions and quantity calculation. Under pressure of practical governing and disrupted by crises, economic thought developed some concepts and doctrines, addressed to the state authorities. As attractive component theory of economic cycles come out institutionalism. The concepts of two scholars: Svetlana Kirdina (Russia) and Thráinn Eggertson (Iceland) are worth noting. S. Kirdina promote the theory of an institutional matrix, where the area of conflicts is located. Eggertson is recognized as an author of the theory of imperfect institutions and limit of reform. Interesting issues, both theoretic and practical ones, against the background of Ukrainian drama, may be found in publications of Vladimir Lipov. He developed methodology of institutional economics and focused attention on the theory of goods, especially on dual notions complementary and substitution. As a starting point to an analysis, Lipov proposes the structure of institutional blocs. Progressing gradually and employing the dynamics of blocs cooperation, he justifies the importance of complementary. It provides an opportunity to analyze an institution from a structural and functional angle. In the further section of the paper, Hyman P. Minsky's "financial instability hypothesis" is extensively covered and discussed. Among the reasons, the rebirth of Keynesianism and the pressure exerted by the last American crises are listed. Financial instability is blamed very intensively. Given the above, various determinants are obviously necessary but always distant from a perfect resolution. (original abstract)

Słowa kluczowe

EN

Economic crisis; Economic theory; Institutional economics; Financial sustainability

PL

Kryzys gospodarczy; Teoria ekonomii; Ekonomia instytucjonalna; Stabilność finansowa

• Czasopismo: Ekonomia i Prawo
• Rocznik: 2015
• Tom: 14
• Numer: nr 3
• Strony: 369--387

Twórcy

autor

Wacław Stankiewicz

• Warsaw Private School of Business, Public Administration and Information Technology

Bibliografia

• Bludnik I., Postkeynesizm. Teoria endogenicznej kreacji pieniądza, Wydawnictwo UE w Poznaniu, Poznań 2015.
• Eggertson T., Imperfect Institutions. Possibilities and Limit of Reform, University of Michigan Press, Ann Arbor 2005.
• Hrynkevych S.S., Ilyash O.I., Halkiv L.I., Усовершенствование институционального регулирования системы социальной безопасности Украины, "Современные проблемы науки и образования", No. 6/2012.
• Kirdina S.G., X- и Y-экономики: институциональный анализ, Nauka, Moskwa 2004.
• Lipov V.V., Институциональная гетерогенизация и гибкая интеграция, "Научные труды ДонНТУ", Vol. 1/2014.
• Lipov V.V., Институциональная комплементарность в формировании и развитии национальных социально-экономических систем стран мира, "Terra Economicus" Vol. 4/2009.
• Lipov V.V., Институциональная комплементарность как фактор формирования социально-экономических систем, "Journal of Institutional Studies", Vol. 4, No. 1/2012.
• Lipov V.V., Институциональная обусловленность экономических циклов: проблема комплементарности институтов, [in:] К.А. Хубиев (ed.), Мировой экономический кризис и тенденции развития российской экономики, MGU, Moscow 2010.
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• Stankiewicz W., Ekonomika instytucjonalna. Zarys wykładu, Wydawnictwo AON, Warszawa 2014.

Identyfikatory

DOI

10.12775/EiP.2015.024