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1 Acta Universitatis Lodziensis. Folia Oeconomica

1 2013

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Myśl liberalna a dylematy rozwoju w dobie kryzysu gospodarczego

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Frejtag-Mika E. , Politechnika Radomska W. E.

Acta Universitatis Lodziensis. Folia Oeconomica

2013

tom 281

The idea of liberalism in economics has generated an enormous range of scientific discussions and sparked explosive disputes as to its economic effectiveness. Doubts centre around three questions. The first addresses the dilemma whether economic resources are universal, i.e. independent from stages of development of the particular economies, institutional and social conditions. The second concerns the role of the state in an economy. The third expresses doubts as to distribution, thus, equality of opportunities and social justice. The most recent financial crisis has led to a widespread acceptance of profound state intervention in the economy. Many financial authorities, central banks and international financial institutions have undertaken monetary and fiscal interventions on an unprecedented scale. Establishment of a tight system of banking regulation and supervision (sequencing) has cast doubts on value of liberalism as one of the best ways to achieving economic success.