Rejoinder to the Motivation of Business Leaders in Socialist and Marketbased Systems by Péter Mihályi

• Autorzy: Mariusz Maziarz
• Języki publikacji: EN

Abstrakty

EN

This rejoinder has the following two aims. First, Mihalyi's analysis is further developed and shown that, in spite of the common motivation across the two economic systems, the behaviour of business leaders can lead to divergent results. Namely, certain managerial decisions can create a disequilibrium mechanism leading to recessions. Second, the current state of macroeconomics is commented upon.(fragment of text)

Słowa kluczowe

PL

Analiza porównawcza; Wielowymiarowa analiza porównawcza; Ład korporacyjny; Ustrój socjalistyczny; Gospodarka socjalistyczna; Społeczeństwo socjalistyczne; Badanie przedsiębiorstw; Eseje

EN

Comparative analysis; Multi-dimensional comparative analysis; Corporate governance; Socialist system; Socialist economy; Socialist society; Enterprises study; Essays

• Czasopismo: Economics and Business Review
• Rocznik: 2017
• Tom: 3 (17)
• Numer: nr 3
• Strony: 151-154

Twórcy

autor

Mariusz Maziarz

• Wrocław University of Economics

Bibliografia

• Davidson, L. (1990). Post Keynesian economics: solving the crisis in economic theory. In Money and Employment (pp. 279-299), London, United Kingdom: Palgrave Macmillan.
• Farmer, R. E. (2012). The stock market crash of 2008 caused the great recession: Theory and evidence. Journal of Economic Dynamics and Control, 36(5), 693-707. doi: 10.3386/w17479.
• Gebremeskel, A. (2017). Income distribution and economic growth. In Studies on economic development and growth in selected African countries (pp. 177-203). Singapore: Springer.
• Grune-Yanoff, T. (2016). Why behavioural policy needs mechanistic evidence. Economics & Philosophy, 32(3), 463-483. doi: 10.1017/S0266267115000425.
• Kornai, J. (1971). Anti-equilibrium. Amsterdam, Holland: North-Holland Publishing.
• Kornai, J. (1994). Transformational recession: the main causes. Journal of Comparative Economics, 19(1), 39-63. www.sciencedirect.com/science/article/pii/ S0147596784710626.
• Krugman, P. (2009). How did economists get it so wrong?. New York Times, 2(9), 2009. Retrieved from: www.nytimes.com/2009/09/06/magazine/06Economic-t.html.
• Lin, J. Y., & Tan, G. (1999). Policy burdens, accountability, and the soft budget constraint. The American Economic Review, 89(2), 426-431. doi: 10.1257/aer.89.2.426.
• Maziarz, M. (2017). The Reinhart-Rogoff controversy as an instance of the 'emerging contrary result'phenomenon. Journal of Economic Methodology, 1-13. doi: 10.1080/1350178X.2017.1302598.
• Mihalyi, P. (2017). The motivation of business leaders in socialist and market-based systems, Economics and Business Review, 3(17).
• Shin, J. Y., & Seo, J. (2011). Less pay and more sensitivity? Institutional investor heterogeneity and CEO pay. Journal of Management, 37(6), 1719-1746. doi: 10.1177/0149206310372412.
• Soros, G. (1994). The alchemy of finance: Reading the mind of the market. New York, USA: John Wiley & Sons.
• Stulz, R. M. (2010). Credit default swaps and the credit crisis. The Journal of Economic Perspectives, 24(1), 73-92.
• Taleb, N. (2010). The black swan: the impact of the highly improbable. New York, USA: Random House.

Identyfikatory

DOI

10.18559/ebr.2017.3.12