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State interventions into the automotive industry in USA
Knollová, Veronika ; Antoš, Ondřej (advisor) ; Zemplinerová, Alena (referee)
This bachelor thesis analyses the impact of interventions of U.S. government in automotive industry. First part is concerned with present economic knowledge about state interventions and their influence on economy. In connection to this topic, there are used books by well known authors from Austrian school as M. Rothbard and L. von Mises. One small chapter is focused on the financial crisis and its reason. Second part introduces automotive industry in USA with its biggest producers (General Motors, Ford Motors and Chrysler). Sub-chapter mentions restructuring General Motors. The practical part describes an influence of extraordinary state interventions on automotive industry in USA. Used data will be processed in the context with theories by Rothbard and Mises.
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Murry Rothbard a jeho přispění k objasnění Velké hospodářské krize
Sejček, Zdeněk ; Potužák, Pavel (advisor) ; Štěpánek, Pavel (referee)
There were many attempts to explain what exactly happened to USA?s economy between years 1921 and 1929. First and for many years the only one ?mainstream? explanation was that the main cause of Great Depression was underconsumption and overinvestment brought about by irresponsible customers and much more irresponsible investors. But there were also other explanations, based on totally contradictory conclusions and main cause of business cycles was found in state?s driven monetary expansion. Murray Rothbard?s explanation, based on Austrian Business Cycle Theory and developed in his book America?s Great Depression (written in 1963), is just one of them. In this book (despite of it has more than 300 pages) he advocates only one receipt how to avoid depressions: to stop FED?s power to inflate. Only this governmental agency, delegated by government to care about money and to expand money stock when necessary, can cause such big depression as Great Depression had been. Natural business cycle, less serious without compare, is organic part of every market and there is no reason to fight against it. But in the background with ever-present governmental attempt to do things better than something uncontrolled like market, business cycle changes itself to destructive long-term process that might take multiple more time to recover back to prosperous and healthy economic system. As Rothbard pointed out, all depressions without governmental interference were short-lived and self-adjustment process completed itself as rapidly as possible. The main ambition of my work would be to summarize Murray Rothbard?s work regarding Business Cycle and especially Great Depression and put it in context of Austrian Business Cycle Theory.
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Liberalism in International Affairs and Economy
Začal, Marek ; Lehmannová, Zuzana (advisor) ; Rolenc, Jan Martin (referee)
The aim of the thesis is to compare liberal approach in science disciplines of international affairs and economy. The thesis is divided into four chapters. In the first chapter is characterized historical background and sources of liberal thinking. Next two chapters focus on liberalism presented by international affairs science and by austrian school of economics. The fourth chapter contains the comparison of these two approaches. The aim is to find logical relationship, common characteristics and differences. Conclusion summarizes gathered knowledge and evaluate final results in comparison with selected aims.
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Austrians and the Mainstream: The Stories of Exchange Rate Determination
Biľo, Šimon ; Ševčík, Miroslav (advisor) ; Lipka, David (referee)
The scope of the present thesis is four-fold. First, to clarify and explain the means-ends framework and step-by-step analysis of the Austrian school. Second, to apply this framework to the Austrian theory of exchange rates. Third, to link the framework with most of the existing Austrian research related with the exchange rate theory and discuss this research. And fourth, to confront the Austrian economics with two mainstream approaches - Dornbusch?s overshooting model and short-run portfolio balance model. Message springing from this confrontation is twofold. First, the fundamental differences between present-day mainstream methods are envisaged. And second, the fact of possibility of mutual enrichment of both approaches from each other despite of completely different methodological backgrounds is suggested.
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Murry Rothbard a jeho přispění k objasnění Velké hospodářské krize
Sejček, Zdeněk ; Potužák, Pavel (advisor) ; Štěpánek, Pavel (referee)
There were many attempts to explain what exactly happened to USA?s economy between years 1921 and 1929. First and for many years the only one ?mainstream? explanation was that the main cause of Great Depression was underconsumption and overinvestment brought about by irresponsible customers and much more irresponsible investors. But there were also other explanations, based on totally contradictory conclusions and main cause of business cycles was found in state?s driven monetary expansion. Murray Rothbard?s explanation, based on Austrian Business Cycle Theory and developed in his book America?s Great Depression (written in 1963), is just one of them. In this book (despite of it has more than 300 pages) he advocates only one receipt how to avoid depressions: to stop FED?s power to inflate. Only this governmental agency, delegated by government to care about money and to expand money stock when necessary, can cause such big depression as Great Depression had been. Natural business cycle, less serious without compare, is organic part of every market and there is no reason to fight against it. But in the background with ever-present governmental attempt to do things better than something uncontrolled like market, business cycle changes itself to destructive long-term process that might take multiple more time to recover back to prosperous and healthy economic system. As Rothbard pointed out, all depressions without governmental interference were short-lived and self-adjustment process completed itself as rapidly as possible. The main ambition of my work would be to summarize Murray Rothbard?s work regarding Business Cycle and especially Great Depression and put it in context of Austrian Business Cycle Theory.
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