The state of economic thought in the contemporary world is presented in brief, as well as its prospects related to the development of science and technology. With regard to the anniversary of the Economic Thought Journal it is pointed out: how the Journal started; its development, activities and...

The state of economic thought in the contemporary world is presented in brief, as well as its prospects related to the development of science and technology. With regard to the anniversary of the Economic Thought Journal it is pointed out: how the Journal started; its development, activities and...

A conceptual distinction was made between product and good as fundamental conceptions of economic theory and practice, considering the presumption, that the good is a wider phenomena that the product. A detailed systematization of both concepts is substantiated, as well as the effectuality and...

Criticism of the fundamental classical postulates is the main focus of attention of the institutional theory. In their works, a number of representatives of the institutionalism have expresses their strong disagreement with the hedonistic principles of profit and loss as being the primary...

The institutional theory is, to a great extent, filled with criticism of the main classical postulates. Many institutionalists question in their works the hedonistic principle of profit and loss as a main motivating factor for human behavior. The main classical concepts result from relatively...

An attempt was made to evaluate entirely and objectively Keynes’ place in economics, his extraordinary approaches and views on: the crucial role of investments in relation to savings under the conditions of crises and stagnation in economy; the major significance of the fiscal policy as an...

Subject of the analysis is the theory of F. A. Haiek about the institutional frame of the spontaneous market order and its contemporary sounding. Studied are the nature, functions and structure of the social functions and the way they generate order. At front is drawn the character of the...

Emphasis is put on self-criticism that has been developing in the field of economic theory for the last decade. Three issues are analysed in order to answer the question "Has the economic theory made any progress?" - development of orthodox economic thought; evolution of non-orthodox schools and...

The main schools and achievements in the development of the economic thought during the past XX century are outlined. The evolution of economic concepts is presented on the background of the real economic processes that marked the economic theory. The most important aspects in the development of...

Peculiarity of the theory of value of Mises is presented, and a special emphasis is put on differences with the concept of value of earlier Austrian economists. In the light of it the importance of economic calculation issues is deduced too. The theory of interventionism, developed by Mises, is...