Market economy in Poland. A history


Market economy in Poland. A history

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In countries with a tradition of more than one hundred years of a free market economy, both public opinion and the economic policy of subsequent governments focus on pragmatic continuity. Changes or corrections are reduced to the necessary minimum. Further, any such change in economic policy is mainly the result of democratic elections and not that of unusual events of far-reaching, unpredictable consequences, such as wars or crises. However, this scenario is rarely found in countries with a much shorter market economy history, as in the case of Poland.

This book presents the history of Poland's economic development in two periods: the interwar period and the period that followed the collapse of communism. The periods under study came in the aft ermath of historic events characterised by massive human and material losses, the First and the Second World War. Only two twenty-year periods can be said to feature market economy mechanisms in Poland, as prior to 1918 there had been no Polish state, and the period between 1950 and 1989 was marked by a socialist economy. Such a state of affairs was caused by both "bad geography" and the post-Yalta political "order". Both periods have also generated many heated discussions on issues related to the state's economic system and policy.

The publication is addressed to academics, doctoral candidates and students.

Liczba stron240
WydawcaWolters Kluwer Polska SA
Język publikacjipolski
Informacja o sprzedawcyePWN sp. z o.o.


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Spis treści

  Introduction | str.    7
  Chapter I
  Poland's market economy in the interwar period (1918-1939) | str.    11
  1. Doctrinal discussions | str.    11
  The "third way" | str.    14
  Nationalist economic thinking in interwar Poland | str.    28
  The "old" generation | str.    28
  The "young" generation | str.    31
  The "intermediate" economic programme of the National Party | str.    39
  Ethics | str.    43
  Private property | str.    45
  Agriculture | str.    51
  Market and money | str.    52
  International relations | str.    56
  Nationalism | str.    57
  Statism and market economy | str.    59
  Literature | str.    68
  2. Credit institutions in the interwar period | str.    69
  The Polish market in the interwar period | str.    87
  The Warsaw Stock Exchange | str.    106
  The Premium (3%) Investment Loan | str.    111
  The Third Series Premium (4%) Dollar Loan | str.    112
  The (4%) Consolidation Loan of 1936 | str.    113
  The State (5%) Conversion Loan of 1924 | str.    115
  The (5%) Conversion Railway Loan of 1926 | str.    115
  The Internal (4.5%) State Loan of 1937 | str.    116
  Interest-bearing bank securities | str.    117
  Interest-bearing securities of Bank Gospodarstwa Krajowego (BGK) | str.    117
  Interest-bearing securities of Państwowy Bank Rolny | str.    118
  Interest-bearing securities of Bank Akceptacyjny S.A. | str.    119
  Interest-bearing securities of Polski Bank Komunalny | str.    120
  Mortgage bonds | str.    121
  Mortgage bonds of land credit societies | str.    122
  Long-term credit | str.    130
  The state credit market | str.    134
  The private market | str.    141
  Land credit societies | str.    143
  Municipal credit societies, municipal banks and mortgage banks | str.    146
  Credit Society of Polish Industry | str.    148
  Characteristics of the Polish credit market | str.    153
  Pocztowa Kasa Oszczędności | str.    167
  State-owned savings institutions on Polish territories before 1919 | str.    168
  3. Elimination of the credit market in the Polish People's Republic | str.    172
  Sources and literature | str.    185
  Chapter II
  The second period: system transformation | str.    192
  1. Legislative processes of 1989-2001 | str.    193
  Law on commercial activity - a historic overview | str.    215
  Local government | str.    218
  Protection of competition | str.    219
  2. Return to a free market economy | str.    220
  Afterword | str.    237
  Literature | str.    238
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