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Regulation via Politization

Publication at Faculty of Arts |
2010

Abstract

Recent financial and economical crisis and its possible dreadfull consequences is a chellenge for philosophy and political sciences to rethink attitudes toward financial markets and monetary relations. Selfregulative mechanism of free global market leads to suboptimal outcomes which can be very dangerous to social or political cohesion of modern nations.

Philosphical concept of political and its application is thought to be crucial for the success of the next form of financial products market regulation. Concept of politisation will be based on thinking of Carl Schmitt, Niccolo Machiavelli and Karl Polanyi.

Principles and logic of political handling is one of the possible ways how to deal with fluidity, ever changing nature and complexity of financial markets and its tools, based on selfregulation.