Vol. 7 No. 4 (2021)

It may have been noticed that the most recent events resemble at least some of the challenges experienced by humanity one hundred years ago. The small progress made by COP26 in tackling the climate crisis is reminiscent of the difficulties experienced in coordinating countries’ efforts to maintain world peace through the League of Nations. The next wave of the COVID-19 pandemic mirrors the returning infection of the Spanish flu while accelerating inflation is similar to the rapidly rising prices in some countries after the First World War. The initial reading of the table of contents of this Economics and Business Review issue may also give an impression that it covers topics that are reflections of economic history. The proposal for IMF reform discussed in this issue can be seen as a next step in the evolution of the idea of a “central bank” that goes back to the XVII century. (Michał Pilc, Konrad Sobański)