Former growth theories did not give a satisfactory answer to stimuli of economic growth and possibilities of sustainable growth. An important contribution to the economic growth theories was given by research in institutional economics. Today formal and informal institutions such as rule of law,...

Economic analysis of law concerns predicting impacts of legislative rules on incentives and behaviour of individuals and judging social efficiency of alternative legislative rules. It applies price theory, welfare theory and public choice theory on creating and applying law. One of its main...

This is the reaction on the article of Václav Klusoň "Come-Backs of Dr. Bernard Mandeville: Virtuous Knaves in Economic Transformation". I put in contrast economic thinking of B. Mandeville and A. Smith and argue that both Smith's social and moral philosophy and his economic thought is more...

The text is continuation of article published in Politická ekonomie 1998, č.1. It is focusing on foreign trade, effective demand and employment, monetary theory.

David Ricardo is one of most remarkable economist in economic history. He followed up with A.Smith and gave new directions, too. We discover two main contributions in his work. The first one was an effort to find regularity in distribution (theory of differential rent). The second one was the...

The article is a response to the contribution written by L. Mlčoch - Czech Privatisation: Penalties for Speed (Prague Economic Papers, 1997, No. 1). Drawbacks of a short way - that means of the way that was implemented - were described here, and they were confronted with advantages of a long...

Adam Smith is considering as the founder of political economy owing to his book Inquiry into the Nature and Causes of the Wealth of Nations. From the pages of his book not only speaks the economist but also moral thinker, historian, sociologist and politics - one of the last poly-historians who...

The item finishes the first part of article which was published in Politická ekonomie 1997, č.3 and focusing the theory of value and distribution.