The concept of social capital is gaining increasing popularity among economists and governance practitioners. This is due to the recognition of the fact that a high level of social capital is important for the creation of socio-economic development of countries or territories – economic areas with a high level of connections between entities, organisations and residents. The formation of social capital, understood as the ability to cooperate with various social groups and operate efficiently within these groups, depends on the political system as well as the adopted norms and attitudes, education, styles of management in business organisations and public sphere entities, family ties, motivation to act, etc. The aim of the paper is to indicate various limitations of social capital development and to demonstrate that it is important to involve different communities in its formation In addition, attention is drawn to the fact that social capital generates externalities that are essential for the efficiency and eff ectiveness of governance in territorial systems, both in the economic and public utility sphere.
One of the most important business areas of the company is the management of working capital. Energy companies that produce electricity and heat are the main consumers of steam coal, so their decision concerning stock levels is a major determinant of supply schedules. These decisions depend on legal and technical requirements as well as economic aspects. The seasonality of coal consumption jointly with pre-purchase costs and storage costs has a straight impact on delivery scheduling in a parabolic way. There is a divergence in expectations regarding delivery schedules among the coal market participants (energy, mining, transport companies). The purpose of this article is to present the concept of pricing of steam coal and transport service on the Polish market, assuming the use of price incentives, resulting in delivery scheduling during the year. The article presents selected theoretical content in the field of coal logistics and working capital management in the company, the expectations of the steam coal market participant regarding delivery schedules have been identified. The proposed concept of pricing steam coal and transport service should be discussed further in scientific and expert work.
Housing Stock and Its Public Dimension in the Role of Infrastructure of Durable Development. Only the reciprocal composition and location of buildings and their inhabitants in relation to the location of settlement infrastructure and other spatial development components can give housing stock a public dimension. The importance of the public impact of the housing stock on civilization development results mainly from the multifaceted role of the standards of its settlement in the shaping of inhabited space. Appreciating this impact can help build a necessary community of people living in common social and settlement structures. The importance of housing policy in balancing the development of living space is highlighted by the current structural crisis of the capitalist economy. The underestimated field of overcoming this crisis is the public dimension of housing stock. The presented reasoning subordinated to such thinking is part of a wider narrative combining architectural, urban, planning and sociological issues.
American higher education work in an era of academic capitalism. Addressing the financial support to students, not to universities and accreditation of colleges by private institutions create mechanisms of that capitalism. It is a strategy of financial revolution in higher education. There are more and more university presidents from the “managerial class”. All academics have lost their professional security. Students are academically adrift and their learning is limited. For that reasons universities have to fulfill partly new roles: sorting students. Weaving them and cooling those, who were promised to much.
Academic culture is a set of rules (norms and values) regulating the institution of the university. The central component of academic culture is autonomy both in the sense of independence from external interference and the capacity to decide on research, teaching and organization of the university. Autonomy is endangered by the interference in academic culture of other cultural complexes characteristic for modern society: corporate culture, business culture, bureaucratic culture, financial culture, consumer culture. The resulting cultural clash is the reason for current crisis of the university. The defense of autonomy is the ethical and professional duty of scholars.
The author believes that one all-inclusive assessment of Marx’s philosophy is inevitably misleading. Although Marx constructed one theory that has a texture of a uniform fabric, the fabric has been woven with threads of two very different qualities. His presentation of capitalist instability, exploitation and alienation has the quality of scientific explanations. But his treatment of dialectic, economy formulated in terms of priceless commodities and his vision of communism is fantastic and arbitrary.
In this article I deal with two social encyclical letters – Rerum novarum (1891) and Quadragesimo anno (1931). Also I undertake to discuss the views of Archbishop Wilhelm Emmanuel von Ketteler, who can be regarded as the most important forerunner of the ideas proclaimed later by Pope Leo XIII.
The author outlines a basic framework for anarcho-capitalism, a stateless social order in which safety, law and adjudication of disputes are provided by private companies (private defense agencies) competing with each other in the free market. In the course of presentation, three fundamental problems of anarcho-capitalism are addressed. (1) Is a peaceful cooperation among agencies possible? (2) Would agencies respect the rights of their customers? (3) How would the law look like in an anarcho-capitalist society? The last problem is especially vexing, since anarcho-capitalists seem to be caught up in a contradiction here. On one hand they are proponents of a specific moral theory (based on non-aggression principle), on the other hand they do not allow for any central, monopolistic agency to impose that moral theory on society. Is it possible for the law in the anarcho-capitalist society to be simultaneously produced by competing agents and remain libertarian at the same time?
The article presents the main themes of the philosophy of Max Horkheimer, a representative of the Frankfurt School, starting from their social theory, with close affinities to the ideas of Karl Marx, up to the concept of transcendence and eschatological longings, which seem to be close to the views of Arthur Schopenhauer.
In this article I will try to describe the lesson learnt by the corporations from the grass root movements in the cities. In the proposed analysis I will refer to the conception of recuperation and a soul of capitalism – by Luc Boltanski and Ève Chiapello. Besides it I will refer to the works of these authors who analyse the beginnings and the activism of the city grass-root movements in a context of critique of capitalism and neoliberal system.
This article focuses on the question of the relation between the subject of The Modern World-System by Immanuel Wallerstein and the theoretical object of worldsystem analysis as a multidisciplinary approach that he proposed for history and the social sciences. The importance of this approach as well as its theoretical deficiencies are shown by examining two unanswered critiques of the first volume of The Modern World-System — one coming from Robert Brenner and the second from Fernand Braudel.
Housing resources as an element of material infrastructure determine socio-economic development on a local, regional and national scale. Their economic and physical accessibility affects the development of human, social and relational capital, determines the competitiveness of the territory and can be seen as a generator of income both in the individual sense and in relation to the whole society. The article has a theoretical character and its aim is to identify the relationship between satisfying the housing needs of local communities and the development of territorial capital. The article also analyzes factors that allow the qualification of housing resources as a strategic resource for the development of a territory.
For development of the knowledge-based economy, potential and quality of university education are an important factors to increase a competitiveness of local, regional, national and international scales. To shape the modern economy, the development of university education and studies corresponding with contemporary socio-economic challenges play an important role. As a result, the formation of scientific and academic centres, which are the basic elements of knowledge-based of economy, determines the improvement of the human resources quality and the increase in innovativeness of spatial systems on various scales. The author has discussed the issue of changes in university education in Poland and its role in socio-economic activation of regional systems, and also defined the structure of major studies in regional (voivodship) systems. This paper research has initiated wider investigations which aim will be to answer to what extent the actual university education structure corresponds to contemporary and future socio-economic needs and competences. this level of education in Poland has to face with the growing globalization processes and increasing spatial competitiveness, not only in a regional scale, but also in the national and international ones, and actual reforms of Polish education and science system.
Financial management in a capital group is very important for its growth and operation. Liquidity risk management can be analyzed regarding their static and dynamic dimensions. The process can also be facilitated by cash management products offered by financial institutions. One of the mechanisms influencing the increase in cash management efficiency of a capital group examined in this article is cash pooling, notably multicurrency cash pooling. This type of product is based frequently on the virtual consolidation. Its essence is the consolidation of cash available on the accounts of individual system participants. Using this solution the capital group can manage surpluses and shortages achieving the “economies of scale” (cost reduction and maximization of interest income). Available one the banking services market solutions offer consolidation in USD, EUR, CHF, GBP. The article presents the definition of cash pooling and the essence of its operation. Based on the literature analysis, the article lists types of cash pooling and benefits associated with it. Following on from the solution described, the article presents a model of multicurrency cash pooling in a capital group, including steps necessary to implement it and proposed technical solutions. The solution is described, can be also successfully applied in capital groups of energy sector. Using multicurrency consolidation is very useful solution in deposits management for transactions concluded in international commodities exchanges.
The aim of the article to assess the functioning of the NewConnect market over 10 years from the organizer’s and participants’ perspective. This helps to diagnose the most important organizational advantages and problems of the Polish MTF, determine further development prospects and propose potential changes to neutralize the negative factors. To illustrate the problem, a comprehensive analysis will be made of aggregated statistical data from 2007–2017, which show the changes and trends on this market, and additionally include the data comparing the current state of the NewConnect market with other alternative markets organized by European stock exchanges. The conducted research does not allow to view the NewConnect market as an organizational success. The analysis identified a number of problems in the functioning of the Polish MTF, ranging from the inappropriate organization of the primary market, resulting in the admittance of too high a number of issuers of dubious credibility, to the consequences appearing on the secondary shares market. It does not give unambiguous grounds to expect positive prospects for the market development in the future. In order to stop unfavorable trends and to improve the issuers’ quality, a discussion on the regulations regarding issuers’ admission, i.e. the size of the minimum equity, IPO, capitalization and the issue price of the debuting company, should be initiated.
The author champions the belief that Karl Marx offered a theory of capitalism, and not a theory of socialism. This explains, she argues, why we cannot find a detailed and well-constructed conception of human society that will exist in the future. Marx continued, however, to draw prognostic conclusions from his diagnosis of the capitalist status quo, and his numerous manuscripts are replete with social predictions. They were different at different times, and as the capitalist system tended to change in his lifetime, so changed Marx’s expectations about the future course of events. One thing remained unchanged, however. He always proclaimed the coming of a classless community based on the principle that a free development of each is a necessary prerequisite of a free development of all.
In knowledge based economy, which actually reflects the knowledge oriented modern society, career development of its members becomes the key factor, same as investing in career “portfolio”. In the article a career construct is invoked as an individual’s property considering individual career choices, individual career development planning and monitoring strategies. When addressing career related matter, one cannot overlook the issue of subjective meaning given to a career in the context of satisfactory outcome and success achievement experienced by the subject. Cognitively interesting issue addressed by the author are the results of research into evaluation of one’s own chances to succeed from the perspective of university students who are in the transition period from academic education to entering a job market.
The article discusses selected issues concerning both the activities and the contents of Strategy Cracow 2030 – An Ambitious Plan of the City Where Life Can Be Enjoyed. The author analyses how selected concepts well known in the local and regional development policy literature and practice such as territorial capital, second-tier city, integrated territorial planning and metropolisation are refl ected in the key development planning document of the second-largest Polish city. The strategy was adopted by the City Council in February 2018. The article focuses in particular on the applied work method, based on an advanced partnership and cooperation of key stakeholders, assumptions adopted in the strategy and axiology, identified challenges and development resources, and metropolitan city aspirations. The author also discusses selected issues regarding implementation system of the strategy.
The subject of the study are strategies for the development of 9 cities, which are among the strongest centres outside the current capitals of regions (in Polish: voivodeships) in the least-developed Polish regions. These cities can give the chance to activate their surroundings. Good strategies that increase the competitiveness of cities and stimulate development can contribute to this. The aim of the research was to fi nd answers to the questions whether and to what extent the studied strategies: (1) are in line with the definition and methodology of strategic planning; (2) recognize and use specific combinations of developmental factors; (3) can contribute to the development of their surroundings. The research method involved the analysis of the strategic plans in the light of the above questions. The strategies studied are not fully in line with the strategy defi nition. They contain errors and methodological flaws commonly encountered in other strategies. They use the specificity of developmental factors, but without conscious, methodical recognition of their combinations and without exposing them. The author signals methodical problems specific to the strategic planning in territorial units and makes suggestions for planning practice.
The author reviews the main elements of Richard Münch’s academic capitalism theory. By introducing categories like “audit university” or “entrepreneurial university,” the German sociologist critically sets the present academic management model against the earlier, modern-era conception of academic research as an “exchange of gifts.” In the sociological and psychological sense, the latter is a social communication structure rooted in traditional social lore, for instance the potlatch ceremonies celebrated by some North-American Indian tribes which Marcel Mauss described. Münch shows the similarities between that old “gift exchanging” model and the contemporary one with its focus on the psychosocial fundamentals of scientific praxis, and from this gradually derives the academic capitalism conception. His conclusion is the critical claim that science possesses its own, inalienable axiological autonomy and anthropological dimension, which degenerate in result of capitalism’s “colonisation” of science by means of state authority and money (here Münch refers to Jürgen Habermas’s philosophical argumentation). The author also offers many of his own reflections on the problem, which allows Münch’s analyses to be viewed in a somewhat broader context.