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1 Optimum. Studia Ekonomiczne

1 2011

1 Grabska A. E.

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ROLE OF CONSTRUCTED ORDER IN TIME OF CRISIS ACCORDING TO EUCKEN (Rola ladu stanowionego wedlug W. Euckena w okresie kryzysu)

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Grabska A. E.

Optimum. Studia Ekonomiczne

2011

nr 4(52)

79-94

This paper focuses on theoretical analysis of the notion of constructed order (as described by Walter Eucken) against the background of the current economic crisis. The choice of topic is justified by the increasingly evident weaknesses of modern capitalist economy. The literature on the subject points out with growing frequency that the market system should not be allowed to act alone and requires active support, as well as corrective action on the part of the state. These ideas seem to overlap with the premises of Eucken's concept of constructed order, in which the state ensures self-regulation of market economy on a general scale, and guarantees conditions conducive to the realisation of social values.