|
|
Phenomenology and Economics
Špecián, Petr ; Pavlík, Ján (advisor) ; Loužek, Marek (referee) ; Muller, Karel (referee)
The thesis Phenomenology and Economics is an account of methodological possibilities brought by the phenomenological method into the realm of economic thought. From the starting point of Misesian praxeology the thesis advances to the key contributions of Alfred Schütz whose concept of telescopic ideal type enables us to cross the gap between theory and history. Telescopic ideal type allows us to grasp the specific nature of economics that is, on the one hand, proud of its rigor and precision connected with the formal modelling and on the other hand deals with an interpretation of individual agents in their life-world. Methodological insights developed through this analysis are then applied to the problem of coordination and spontaneous order and to the question of the relationship between behavioral economics and rational choice theory.
|
|
|
The causes of the European debt crisis from the perspective of the Austrian School of Economics
Pastushuk, Olha ; Pavlík, Zdeněk (advisor) ; Bolotov, Ilya (referee)
This bachelor thesis analyzes the causes of Europe's debt crisis from using theory put forward by Austrian School of Economics, as a tool. The work strives to answer the question of what caused the crisis. At the beginning, theoretical foundation of the school is defined, particularly the Austrian business cycle theory. Subsequently, an analysis of various causes of the crisis in EU was made. The important causes were examined, for example, economic conditions in selected EU countries and problems of EU institutions by the theory of the Austrian School of Economics.
|
|
|
European debt crisis according to the Austrian School of Economics
Talian, Peter ; Pavlík, Zdeněk (advisor) ; Melcher, Ota (referee)
Debt crisis is at present a major problem not only in the eurozone or Europe but also in the whole world. This bachelor thesis deals with the origin of the debt crisis, explains current status and specific issues of PIIGS countries within the eurozone. Furthermore, it introduces the Austrian School of Economics, its history, main representatives and thier principles. In its third part this thesis interprets the Trade Cycle and the Credit Expansion Theory according to the Austrian School. The subject of this part of the thesis is to find the connection between the debt crisis and the theory. In the last part the thesis reflects on the possible ways the debt crisis is conducted or debated by the EU and speculates about the future of the eurozone. On the contrary to EU measures, there will be also Austrian debt crisis sollutions given.
|
|
|
Money, banks and competition
Haloun, Martin ; Žamberský, Pavel (advisor) ; Šaroch, Stanislav (referee)
This paper is concerned with theoretical assumptions and consequences of a free banking system. The main theme is critical inquire of Hayek`s notion of creating the system of free banks independent of central bank, which issue differentiated currencies. The main purpose of this system is to force the government institution to provide a currency more stable than it does now. However there are some crucial objections which target the possibility of operating such system in practice. The main theme is further widen by the question about fractional and full reserve banking. Based on the comparison of the different reserve system, there is a notion of a system combining both, but keeping them strictly separated. The foundation of the paper is analysis of money definition from the austrian school point of view. These arguments are applied to the inflation and deflation. The object of research are conditions of existence and consequences of both effects. The inflation analysis is used to describe current system of central institution and the net of commercial banks.
|
|
|
Support of Consumption Through Economic Transfers Viewed by Optic of Austrian School and Its Consequences for Example of Current Crisis in the U.S.
Šolc, Jan ; Pfeifer, Lukáš (advisor) ; Štěpánek, Pavel (referee)
This bachelor thesis deals with the relation between the growth of transfers and economic performance during the crisis. By means of the Austrian School looks at the issue of state intervention in the economy and on the example of America's recent financial crisis (2007 - 2010) questions the government actions taken to stimulate the economy. Recommendations of the Austrian School economists are constantly overlooked and during the crisis period the word gets Keynesian economics, whose validity has been questioned many times. The thesis deals with the macroeconomic indicator of GDP, which sees not inadequate for drawing conclusions on economic performance. This indicator on the contrary, due to more than 70 % weight of consumption, complies with policy makers in promoting stimulus packages to support the economy and other interventions to increase consumption. As a result of these interventions finds work, not sustainable economic growth, but growth of government itself. The growing volume of transfer payments, which should support the performance of the economy, especially led to a tightening of government power and its growth.
|
|
|
Analysis of impact of legalization of precious metal coins in Utah
Šimák, Vojtěch ; Havel, Jan (advisor) ; Šťastný, Daniel (referee)
This thesis deals with the law, which was enacted in Utah and makes gold and silver coins legal tender in this state. Goal of this thesis is to show how individuals will change their actions, especially regarding their selection of medium of exchange. The thesis shows deficiencies in an acted law and of feral alternative, which could enable more spread use of gold and silver coins. Thesis uses metodology of austrian school, which deals with monetary policy.
|
|
|
The Reform of Financial Markets after the Financial Crises in USA and the Rest of th World
Bohoněk, Jakub ; Jílek, Josef (advisor) ; Munzi, Tomáš (referee)
This thesis deals with the problem of recent financial crisis and possible ways to prevent it from returning in the future. The basic document here deals with the changes made by US government and their comparison with set of laws from the time of the Great Depression. This comparison results into proposal of some further changes. The last part deals with the systematic flaw of credit expansion a offers a solution based on principles of the Austrian school modified to correspond more closely with current system
|
|
|
Is Hayek's Road to Serfdom inevitable?
Lukschová, Veronika ; Holman, Robert (advisor) ; Rotschedl, Jiří (referee)
This paper analyzes Hayek's central idea of the book The Road to Serfdom, which says that the implementation of socialist ideas in the economy leads to a totalitarian state. This trend is not inevitable, though it was often interpreted as follows. Therefore, the work examines the argument that Hayek did not take his journey into slavery into account the conservation of consumer sovereignty. It was also pointed out that in practice, for example, socialist Sweden did not rise to the totalitarian state. Hayek was also attacked, misinterpreted the concept of the journey into slavery by Hilaire Belloc. These arguments have been challenged. None of them did not pay enough to the central core of Hayek's argument in the causes and consequences, or the unintended consequences of central planning under socialism. Hayek's journey into slavery on the basis of the arguments surveyed is not inevitable.
|
|
|
Impact of the American mortgage crisis on the economy of Czech republic
Roháč, Michal ; Kalínská, Emílie (advisor) ; Černá, Iveta (referee)
The diploma thesis clarifies main causes of the mortgage market meltdown in the USA as a starter to the global financial problems. The objective of the thesis is to analyze the American mortgage and housing market price bubble according to the views of the Austrian school of economics, which claims that problems were caused by inappropriate intervention of the U.S. Federal Government, Federal Reserve System and other government institutions in the markets. Furthermore, the thesis criticize the actions and measures taken by the U.S. government to stabilize the economy, which only seeks to alleviate the consequences, not to prevent the causes. Last chapter of the thesis analyze the impact of the subsequent financial crisis and global economic downturn on financial market, real economy and international trade of Czech republic.
|
|
| |
guest ::
