Economists' responsibility for economic crises - scope and impact
The aim of the article is to answer the question posed in the title: are representatives of the economics profession responsible for causing and course of economic crises? The authors made a critical review of the literature on the subject, both world and Polish. The conducted considerations allowed...
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| Format: | Article |
| Language: | English |
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Wyższa Szkoła Gospodarki Euroregionalnej im. Alcide De Gasperi
2023-04-01
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| Series: | Journal of Modern Science |
| Subjects: | |
| Online Access: | https://www.jomswsge.com/Odpowiedzialnosc-ekonomistow-za-kryzysy-gospodarcze-zakres-i-oddzialywanie,161526,0,2.html |
| _version_ | 1797836919669784576 |
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| author | Bogusław Fiedor Marian Gorynia Elżbieta Mączyńska |
| author_facet | Bogusław Fiedor Marian Gorynia Elżbieta Mączyńska |
| author_sort | Bogusław Fiedor |
| collection | DOAJ |
| description | The aim of the article is to answer the question posed in the title: are representatives of the economics profession responsible for causing and course of economic crises? The authors made a critical review of the literature on the subject, both world and Polish. The conducted considerations allowed for the conclusion that the difficulties of economists in the struggle with understanding and explaining economic crises result from two main groups of causes: endogenous and endogenous in relation to economic sciences.
The article consists of three parts. The first deals with the issue of the ability to explain crises by modern economic sciences in the context of their essence, functions and peculiarities. The subject of considerations in the second part is the impact of economists on the real economy, in particular the channels of economic knowledge transmission and the related issue of responsibility for economic crises. In the next part, the field of considerations has been further expanded, and attention has been focused on deciding whether in the practice of the functioning of the modern market economy we are dealing rather with repetitive but transient crises of capitalism, or we are experiencing a crisis of capitalism as a socio-economic order. |
| first_indexed | 2024-04-09T15:16:37Z |
| format | Article |
| id | doaj.art-e9bbf02450ab4befbf807c013075a95d |
| institution | Directory Open Access Journal |
| issn | 1734-2031 2391-789X |
| language | English |
| last_indexed | 2024-04-09T15:16:37Z |
| publishDate | 2023-04-01 |
| publisher | Wyższa Szkoła Gospodarki Euroregionalnej im. Alcide De Gasperi |
| record_format | Article |
| series | Journal of Modern Science |
| spelling | doaj.art-e9bbf02450ab4befbf807c013075a95d2023-04-29T15:41:49ZengWyższa Szkoła Gospodarki Euroregionalnej im. Alcide De GasperiJournal of Modern Science1734-20312391-789X2023-04-0150113216710.13166/jms/161526161526Economists' responsibility for economic crises - scope and impactBogusław Fiedor0Marian Gorynia1Elżbieta Mączyńska2Uniwersytet Ekonomiczny we WrocławiuPoznań University of Economics and BusinessSzkoła Główna Handlowa w WarszawieThe aim of the article is to answer the question posed in the title: are representatives of the economics profession responsible for causing and course of economic crises? The authors made a critical review of the literature on the subject, both world and Polish. The conducted considerations allowed for the conclusion that the difficulties of economists in the struggle with understanding and explaining economic crises result from two main groups of causes: endogenous and endogenous in relation to economic sciences. The article consists of three parts. The first deals with the issue of the ability to explain crises by modern economic sciences in the context of their essence, functions and peculiarities. The subject of considerations in the second part is the impact of economists on the real economy, in particular the channels of economic knowledge transmission and the related issue of responsibility for economic crises. In the next part, the field of considerations has been further expanded, and attention has been focused on deciding whether in the practice of the functioning of the modern market economy we are dealing rather with repetitive but transient crises of capitalism, or we are experiencing a crisis of capitalism as a socio-economic order.https://www.jomswsge.com/Odpowiedzialnosc-ekonomistow-za-kryzysy-gospodarcze-zakres-i-oddzialywanie,161526,0,2.htmleconomic crisiseconomicsfinancial crisiseconomic scienceseconomists and the real economy |
| spellingShingle | Bogusław Fiedor Marian Gorynia Elżbieta Mączyńska Economists' responsibility for economic crises - scope and impact Journal of Modern Science economic crisis economics financial crisis economic sciences economists and the real economy |
| title | Economists' responsibility for economic crises - scope and impact |
| title_full | Economists' responsibility for economic crises - scope and impact |
| title_fullStr | Economists' responsibility for economic crises - scope and impact |
| title_full_unstemmed | Economists' responsibility for economic crises - scope and impact |
| title_short | Economists' responsibility for economic crises - scope and impact |
| title_sort | economists responsibility for economic crises scope and impact |
| topic | economic crisis economics financial crisis economic sciences economists and the real economy |
| url | https://www.jomswsge.com/Odpowiedzialnosc-ekonomistow-za-kryzysy-gospodarcze-zakres-i-oddzialywanie,161526,0,2.html |
| work_keys_str_mv | AT bogusławfiedor economistsresponsibilityforeconomiccrisesscopeandimpact AT mariangorynia economistsresponsibilityforeconomiccrisesscopeandimpact AT elzbietamaczynska economistsresponsibilityforeconomiccrisesscopeandimpact |