The Risk and Safety in the European Union. Cover Image

Ryzyko i bezpieczeństwo w Unii Europejskiej.
The Risk and Safety in the European Union.

Author(s): Maciej Holko
Subject(s): Economy, EU-Accession / EU-DEvelopment, Globalization, Socio-Economic Research
Published by: Wydawnictwo Akademii Nauk Stosowanych WSGE im. A. De Gasperi w Józefowie
Keywords: classical economics; postkeynesianism; European integration; competition & public aid policy;

Summary/Abstract: The risk and economic safety result from the form of capitalism functioning under globalization. European integration is a process of regulated globalization. Are these regulations enough and proper? The article presents the mechanism of a contemporary capitalism as implemented in European Union and aims at pointing the way to diminish the risk and increase socio-economic safety. The risk is always correlated with the profit. Traditional, neoclassical way of thinking about risk seems to be misleading. It came from a marginal analysis and paradigm of exchange– that point of view is not sufficient to explain the rate of profits and interdependence between risk and profit. Classical paradigm of production and distribution (and objective value instead of subjective value based on utility) offers a better solution to the problem. Th at kind of thinking was reviving by Sraff a and, in a specific way, Kalecki and Keynes. Following them we are able to understand what the profits and risk really are,furthermore, it should be clear that European integration provides some dangerous economic mechanisms and makes the life of working Inhabitants riskier.

  • Issue Year: 24/2015
  • Issue No: 1
  • Page Range: 211-228
  • Page Count: 18
  • Language: Polish
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