Purpose – The paper aims to examine the reality of, and, conditions for economic growth for former Soviet and Soviet Block economies with special attention to Ukraine and the Russian Federation. Many of these economies' transition from “Communism” remain plagued by problems of...

Purpose – The assumption of free will in contemporary economics is an important starting point for socio-economic analysis in contrast to methodologies which assume that human action is pre-determined by forces beyond individual control. However, contemporary economic theory is devoid of...

An important hypothesis put forth by Amartya Sen is that a given level of per capita real income in a population can generate quite different levels of socio-economic well-being depending on the economic infrastructure of that population and the distribution of income. Sen's hypothesis is...