Politická ekonomie 2013, 61(1):91-108 | DOI: 10.18267/j.polek.885

Stimulace hospodářství z pohledu rakouské školy

Eva Kindlová
VŠCHT.

Stimulation of Economy According to the Austrian School

The aim of the article is to explore how the results of the U. S. subprime mortgage crisis influenced economic policy of governments in highly developed countries. It analyses consequences of a state intervention especially for government budgets and a rise of government debts. Then the article discusses the point of view of the Austrian school. Austrian economists argue a state is not an economic subject and its fiscal policy is very dangerous for effective allocation of the available resources of production's factors. They advocate a society with a small government and liberal economic policy. The author believes that Austrian approach to economic problems is more realistic and more pertinent than the approach of those, who demand more government intervention.

Keywords: fiscal policy, Austrian school, business cycle, libertarianism, government debt, US subprime mortgage crisis, government policy, small government
JEL classification: B25, D41, D42, D73, D83, E30, E62, F02

Published: February 1, 2013  Show citation

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Kindlová, E. (2013). Stimulation of Economy According to the Austrian School. Politická ekonomie, 61(1), 91-108. doi: 10.18267/j.polek.885
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