EconomyRSS: News Maker

Why is Toyota in so much trouble in the US?

Why is Toyota in so much trouble in the US?

Written by: in: Economy

It’s been hard to find a newscast in that US and even around the globe that does not have a segment dedicated to the safety problems at Toyota.  If you watch closely, there are a trail of clues that there is more to the story then what you are likely to hear about in traditional [...]

Strategies, scenarios and predictions: between science and mythology

Strategies, scenarios and predictions: between science and mythology

Written by: in: Economy

Pitfalls of one scenario or projection The following considerations do not aspire to give  a systematic presentation of prognostication issues. Nevertheless, having been relatively close to this area since 1970s (i.e.: in the Committee ‘Poland 2000’ at Polish Academy of Sciences PAN) I believe I posses certain observations in the  matter, which are worth presenting [...]

Reflections on the Financial Crisis

Reflections on the Financial Crisis

Written by: in: Economy

I am going to make several unrelated points, and then I am going to discuss how we got into this financial crisis and some needed changes to reduce the risk of future crises. Some Observations First, we should close down as promptly as possible Fannie Mae and Freddie Mac. There never was a reason for [...]

China in the economic crisis

China in the economic crisis

Written by: in: Economy

When the autumn of 2008 began with the global economic crisis, the world’s eyes turned to the growing economy – China. Many questions were asked: how Middle Kingdom will manage with the increasing problems, whether they will be the beginning of the political changes and finally whether the entirety system will lead to a redefinition [...]

A different view on bonuses and CEO compensation

A different view on bonuses and CEO compensation

Written by: in: Economy

It’s all the rage these days to decry evil corporations and their greedy executives. Most recently, there is a huge brouhaha about money paid out in bonuses to 70 some executives at AIG, a much bailed out, large insurance company. With politicians and the media climbing over each other to show how outraged they are, [...]

Origins of the Financial Market Crisis of 2008

Origins of the Financial Market Crisis of 2008

Written by: in: Economy

I begin by describing the factors that contributed to the financial market crisis of 2008. I end by proposing policies that could have prevented the baleful effects that produced the crisis. Factors Contributing to the Financial Crisis At least three factors exercised significant influences on the emergence of the global financial crisis. Factor One: Expansive [...]

Development strategies: a matter of choice

Development strategies: a matter of choice

Written by: in: Economy

European Union is in the state of war. It is a war that has begun decades ago, new battlefields open almost every day and our armies are in retreat in most battles, on earth, in the air and in the deep waters. Our enemies mobilized unprecedented resources, their armies outnumber the Union forces, hundreds of [...]

The repayment of the debt after the Second Polish Republic

The repayment of the debt after the Second Polish Republic

Written by: in: Economy

The comparison of the two twenty-year old periods of independent Poland, away by 70 years of turbulent XX century is a risky task. Not only because we deal with two different eras, societies, behaviour standards, and above all with totally different conditions for achieving the planned goals in politics. The starting point to independence was [...]

Economy is always social…

Economy is always social…

Written by: in: Economy

In recent times the concept of social economy has been gaining more and more of somewhat obsessive media coverage and actually it is still one of the few useful EU projects. According to its original formula, in a social economy people’s economic activity should not be motivated by profit-making. The less radical concept of the [...]

American Morphine and the fall of the market of invisible hand

American Morphine and the fall of the market of invisible hand

Written by: in: Economy

While America is trying to cure its sick economy applying the morphine injection and serving the media Prozac, while European leaders once again discredit the EU decision-making mechanisms, quietly legitimizing unilateral actions by Member State’s governments – the world’s public opinion still seems to tacitly endorse the raid of the state institutions for their own [...]

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