Economic Freedom And Interventionism In Theory And Practice Of Economics

Abstract

The article discusses two main approaches to economic functioning – economic freedom and state interventionism. The main theories associated with these approaches and their impact on economic growth and development were presented. Analyzing various indicators of economic freedom and the Index of Responsible Development, a positive effect of the liberal approach on economic growth was noted. Still, it was also emphasized that moderate state intervention in some areas is necessary to ensure sustainable development. The Index of Responsible Development for Poland shows positive trends and areas requiring further development. The need for increased investment in research, development, and education was indicated, which can improve quality of life and economic efficiency. At the same time, the need to balance actions in various areas to avoid excessive burdens on the state budget and the private sector was highlighted.