Fundamental Causes of Financial and Economic Crisis and its Overcoming

Dr. VladimAr Vrecion

Fundamental Causes of Financial and Economic Crisis and its Overcoming

Dr. VladimAr Vrecion * §

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University of Prague

Fundamental Causes of Financial and Economic Crisis and its Overcoming

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Abstract

The article deals with the fundamental methodological and theoretical ideas of market economy. The logical core of the market economy (ME) and its functioning is briefly described. From these logical bases of ME basic principles of its right functioning are deduced And from there is deduced how the contemporary practice of ME and market society disturbs, subverts these principles. The consequence of such disturbing of the logical core of the ME could be its partial and even total collapse. The current financial and economical crisis is a warning example. It is necessary to implement and to restore in practice fundamental principles of market economy in order to resort present crisis and to avoid future great -even fatal risks. And this will be mainly the role of states and international institutions.

References

3 Cites in Article

Reference Format

A Smith (1930). Adam Smith: The Wealth of Nations Year: 1776.
M Friedman,R Friedman (1980). Free to Choose.
M Friedman (1962). Capitalism and Freedom.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. VladimAr Vrecion. 1970. "Fundamental Causes of Financial and Economic Crisis and its Overcoming". Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 11 (GJMBR Volume 11 Issue B11).

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GJMBR Volume 11 Issue B11

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

economical crisis financial crisis free exchange free market information long-rang methodological analysis overcoming of crisis risk symmetry

Classification

GJMBR-B Classification FOR Code: 140202

150202

140210

140212 JEL Code F36

F36

O24

P45

H87

Submission ReceivedSeptember 10, 2011
Peer Review Double Blind
Handling Editor
Accepted October 4, 2011
Published October 19, 2011

Version of record

v1.2

Language

English

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Article Matrices

Total Score: 173

Country: Czech Republic

Subject: Global Journal of Management and Business Research

Authors: Dr. VladimAr Vrecion (PhD/Dr. count: 1)

View Count (all-time): 247

Total Views (Real + Logic): 7491

Total Downloads (simulated): 653

Publish Date: 2011 10, Wed

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Total Views: 7.5K

Total Downloads: 653

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