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Volume 50, Issue 7 -8

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Karel Englis?s Contribution to Economic Science

Vencovský, František

Year: 2000   Volume: 50   Issue: 7 -8   Pages: 430-444

Abstract: During the first half of the 20th century Karel Engliš was recognized as a creative economist and philosopher and as a leading representative of monetary and financial developments in the Czechoslovak Republic. His main contribution to economic science was the teleological (ultimate end) theory of national economy, based on the idea that the knowledge and awareness of any economic process is scientifically satisfactory only if goal-orientation can be proved in the activity of all economic subjects ? enterprises, households, banks, the state, etc. For Engliš, the teleological approach became a starting point for a new detailed study of the laws of market economy, especially of the essence, methods, and limitations of state economic and social policy.

JEL classification: B29

Keywords: teleological theory; state economic and social policy; economic recession

RePEc: n/a

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