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Młynarski identified a fundamental instability in a gold-based international monetary system: the reserve currency countries would tend to accumulate foreign reserves, but as the volume of these grew relative to the country's gold reserves, international investors would begin to fear suspension of
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in Kraków. His war time collaboration with the
Germans, even though approved by the Polish underground government of that time, cast a shadow on his career, and resulted in refusal to grant him a professorship position. He also served as the director of the library of
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convertibility. The resulting outflow of reserves could create significant worldwide deflationary pressures and possibly lead to the collapse of the gold-based system. After World War II, the same problem was identified by the
Belgian economist
92:. In the years 1921–1923 he directed the Emigration Office. From 1923 he was employed at the Ministry of Finance, and the following year he became the director of the Currency Department of the Ministry. He took part in the
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for which he served as vice-president between
September 1924 and September 1924. In the years 1925–1927 he helped negotiated several economic agreements between Poland and the United States. He fell out of favor with the
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Rafał Łętocha, Nacjonalizm liberalny
Feliksa Młynarskiego Nacjonalizmy różnych narodów. Perspektywa politologiczno-religioznawcza, pod red. B. Grotta i O. Grotta, Kraków 2012.
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494:[Individual Freedom, national community and monetary economy – the main ideas in the thought of Felix Młynarski].
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Rafał Łętocha: Spójne społeczeństwo. Proporcjonalizm i federalizm
Feliksa Młynarskiego. Nowy Obywatel, 13 kwietnia 2012.
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Etapy i cele niemieckiej polityki bankowej w GG. Plany niemieckie wobec
Generalnego Gubernatorstwa w latach 1939–1945
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492:"Wolność indywidualna, wspólnota narodowa i gospodarka pieniężna – główne idee w myśli Feliksa Młynarskiego"
465:. Oxford University Press – NBER series on Long Term Factors in Economic Development. pp. 20, 203–204.
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Feliks Młynarski was born to Jan Młynarski, a school teacher, and
Honorate née Dziurzyńska. He attended a
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Politeja-Pismo
Wydzialu Studiow Miedzynarodowych I Politycznych Uniwersytetu Jagiellonskiego
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Młynarski authored numerous works from the fields of economy, sociology and philosophy.
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32:(20 November 1884 – 13 April 1972) was a Polish banker, philosopher and economist.
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and resigned from governmental positions in 1929. In the 1930s he taught at the
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402:"Odgłos Czerwonej Burzy :: Tygodnik Salwatorski :: Czytaj z NAMI TS"
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The
International Significance of the Depreciation of the Zloty in 1925
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authorities, and had to finish his secondary education at a school in
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Golden
Fetters: The Gold Standard and the Great Depression, 1919–1939
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World Question of Gold in Connection with England's Return to Parity
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Organizational Communication and Management: A Global Perspective
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has suggested renaming the problem to "the Młynarski dilemma".
373:"Tynfy, młynarki, górale – Wiadomości biznesowe – Newsweek.pl"
196:. Due to Młynarski's precedence in articulating the problem,
431:"Polskie Tradycje Intelektualne - Ośrodek Myśli Politycznej"
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After the war he joined the newly formed government of the
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Andrzej Kozminski; Donald P. Cushman (7 January 1993).
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The Genoa Resolutions and the Currency Reform in Poland
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63:in Poland. As a youth, he was active in the
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69:movement, but broke ranks with it prior to
537:A brief overview of Młynarski's philosophy
297:Historical Dictionary of Poland, 966–1945
256:Credit and Peace: a Way Out of the Crisis
159:. Between 1945 and 1948 he taught at the
16:Polish banker, philosopher and economist
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138:, the president of the German operated
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375:. Biznes.newsweek.pl. Archived from
250:The Functioning of the Gold Standard
134:he became, with the approval of the
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572:20th-century Polish philosophers
220:The Problems of the Coming Peace
490:Grzybek, Dariusz (July 2010).
351:, BANK I KREDYT, August 2004,
166:Cracow University of Economics
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104:and was a co-creator of the
327:. SUNY Press. p. 169.
157:People's Republic of Poland
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506:Feliks Młynarski 1884–1972
136:Polish Government in exile
503:Tomasz Głowiński (2012).
294:Jerzy Jan Lerski (1996).
188:, but in relation to the
153:Polish Academy of Science
192:and became known as the
123:, and consulted for the
161:Jagiellonian University
140:Bank of Issue in Poland
94:Grabski Monetary Reform
61:Jagiellonian University
59:Młynarski finished the
244:Gold and Central Banks
181:Gold and Central Banks
90:Second Polish Republic
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204:Selected publications
96:of 1924, which ended
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509:. GAJT Wydawnictwo.
437:on 24 September 2015
358:5 March 2009 at the
214:The Future of Warsaw
190:Bretton Woods system
127:on currency issues.
121:Warsaw Trade Academy
457:Eichengreen, Barry
73:due to its leader
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562:Polish economists
516:978-83-62584-28-4
334:978-0-7914-1306-7
307:978-0-313-26007-0
198:Barry Eichengreen
179:In his 1929 book
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262:References
371:Gk, Pap.
42:gymnasium
36:Biography
459:(1996).
356:Archived
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50:Austrian
46:Jarosław
441:10 June
412:10 June
130:During
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66:endecja
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383:9 June
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254:1933
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172:Works
54:Sanok
511:ISBN
467:ISBN
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