Institutional architecture and the risk of the collapse of the modern capitalist system Cover Image

Architektura instytucjonalna a ryzyko krachu współczesnego systemu kapitalistycznego
Institutional architecture and the risk of the collapse of the modern capitalist system

Author(s): Ewa Zeman-Miszewska, Maciej Miszewski
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu w Białymstoku
Keywords: capitalist system; global crisis; civilization; institutional architecture; informal institutions

Summary/Abstract: Purpose – The multifaceted civilization crisis which we are witnessing, generates disproportionately weak defense responses on a global scale. The study aims to show that the essential cause of this stateof affairs is the institutional architecture, designed in the course of the evolution of the capitalist system.Research method – The article refers to the institutional analysis of the capitalist socio-economic system, and in particular of the impact of institutions specific to this system on its evolution.Results – The conclusion includes arguments concerning possible variants of remedial measures to eliminate or reduce threats to the system durability.Originality /value / implications /recommendations – The study justifies the importance of attempts to change the current system of the global economy and indicates potential barriers in the way of saving our civilization.

  • Issue Year: 107/2022
  • Issue No: 1
  • Page Range: 15-33
  • Page Count: 19
  • Language: Polish
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