Institutional aspects in contemporary economic debate Cover Image

Instytucjonalne aspekty w aktualnej debacie ekonomicznej
Institutional aspects in contemporary economic debate

Author(s): Gabriela Przesławska
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: economic crisis; contemporary economic debate; revision of economic theory and policy; institutional economics

Summary/Abstract: In the discussion on causes of the current crisis and the recommended changes in economic theory and policy caused by it, the opinions are presented on the necessity to more widely recognize the body of work of institutional economics and, specifically, political economy as well as new economic history in theoretical research. The article constitutes a synthetic characterization of the state of theoretical research in the aforementioned area. A conducted analysis and chosen empirical examples described in literature of the subject confirm the significance of institutional, i.e. cultural, historical and political conditions in explaining the occurrences and behaviours taking place in the complex economic reality. The occurrences mentioned above are simultaneously an instance of supplementation and enrichment of both the mainstream economics and the foundations of economic policy, the widening of their research subject and the applied methodology.

  • Issue Year: 2014
  • Issue No: 348
  • Page Range: 309-318
  • Page Count: 10
  • Language: Polish