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Karel Englis's Contribution to Economic Science

Author

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  • František Vencovský

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.

Suggested Citation

  • František Vencovský, 2000. "Karel Englis's Contribution to Economic Science," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 50(7-8), pages 430-444, July.
  • Handle: RePEc:fau:fauart:v:50:y:2000:i:7-8:p:430-444
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    File URL: http://journal.fsv.cuni.cz/mag/article/show/id/489
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    Keywords

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

    JEL classification:

    • B29 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Other

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