Title: Podnikatelé by neměli čekat na vyřešení ekonomické krize a potiori "Mr. Keynes and the classics"
Other Titles: Entrepreneurs should not wait for the solution of economic crisis a potiori "Mr. Keynes and the classics"
Authors: Martinčík, David
Citation: Trendy v podnikání = Business trends : vědecký časopis Fakulty ekonomické ZČU v Plzni. 2013, č. 1, s. 16-34.
Issue Date: 2013
Publisher: Západočeská univerzita v Plzni
Document type: article
URI: http://www.fek.zcu.cz/tvp/doc/akt/tvp-1-2013-clanek-3.pdf
ISSN: 1805-0603
Keywords: ekonomická krize;veřejná politika;transmisní mechanismus
Keywords in different language: economic crisis;public policy;transmission mechanism
Abstract in different language: The article explains the disunity of Keynesian theory per se for solution of current economic crisis. The advanced analysis of aggregate demand transmission mechanism is provided and the efficiency of stabilization politics is examined. The recommendations of fiscal stimulus could be efficient according the Keynesian doctrine but cannot be used under current conditions. On the other hand the recommendations of monetary expansion are at least problematic according this doctrine. It depends on a lot of economic parameters and private sector behavior whether this expansion is efficient or not. The Keynesian theory based on Hicksian IS-LM model seems to be not suitable for application as the solution of present economic recession. There is not necessary to bring into play arguments of other economic schools which are in opposition because the Keynesian theory disqualifies itself. The still repeated calling of entrepreneurs for expansionary policy is therefore the communication of business incompetence of these entrepreneurs and manifestation of moral hazard.
Rights: © Západočeská univerzita v Plzni
Appears in Collections:Číslo 1 (2013)
Články / Articles (KEM)
Číslo 1 (2013)

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