Das Buch gibt einen Überblick zum Management in den postsozialistischen Ländern Osteuropas in den letzten 20 Jahren. Es zeigt die Vielfalt der Themen, Probleme und Lösungen, die während der gesellschaftlichen Transformation hin zu einem osteuropäischen Kapitalismus zu bewältigen waren. Die...

Contemporary monetary institutions are flawed at a foundational level. The reigning paradigm in monetary policy holds up constrained discretion as the preferred operating framework for central banks. But no matter how smart or well-intentioned are central bankers, discretionary policy contains...

Knowledge problems with discretionary monetary policy -- Incentive prolems with discretionary central banking -- When firefighters are arsonists -- On the shoulders of giants: monetary policy insights of the classically liberal nobel laureates -- Money and the rule of law -- Conclusion: money...

This chapter argues that modern readers can benefit from studying the classics today, because the classical approach to studying an economic system in motion under a cumulative process of division of labour offers a superior starting point for analysing salient properties of capitalist market...