The paper aims at tracing the connections between the ideas of Keynes, Knight and Mises on uncertainty and probability. It also studies the links between their economic ideas, ethical presuppositions, and practical implications they drew from their respective theories. Both similarities and...

The paper deals with development of a general theory of the firm. It discusses the demand for such a theory, reviews existing approaches to its generalization, and offers a new variant of general theory of the firm based on the contract theory. The theory is based on minimization of...

Financial capital is considered as a precondition of forming an integral market system. Based on financial capital a vertical market model is taking shape. It includes the following leading markets: strategic markets of financial capital, finance and money markets, markets of physical (cluster)...

Behavioral models are considered in the paper as the link between the description of the institutional structure of the economic system and the formation of macro-aggregates, reflecting the results of its operations. The degree of homogeneity of the private sector’s economic environment and...

The paper studies through the lens of the economic theory of the firm the development of two managerial disciplines: supply chain management and relationship marketing. The author demonstrates which ideas have been borrowed by these disciplines from the economic theory of the firm, and in what...

(The Second Half of the 1920s and 1930s) and N. D. Kondratiev’s Project of Economic Dynamics The article considers the ways to overcome the methodological gap between the analysis of economic cycles and the pure economic theory as suggested by the Western economists in the 1920s and 1930s. In...

The article deals with the relation between assumptions of economic theories and their political implications. Two canons of economic science are being analyzed according to the degree of abstraction. A hypothesis is that the more abstract formal canon is connected with a liberal kind of...

Pilot application of the energy efficiency and energy savings accounting system in Russia and energy consumption growth decomposition analysis have shown that: 1) its creation is possible even based on non-comprehensive statistical base; 2) its application provides non-trivial results and shows...

The paper considers the approaches to the theory of the firm developed by strategic management scholars: positioning theory, resource-based view, dynamic capabilities approach, knowledge-based view, strategic theory of the firm, as well as open innovations theory. The author shows how the ideas...

In this article, we address the question of how non-knowledge about future events that influence economic agents’ decisions in choice settings has been formally represented in economic theory up to date. To position our discussion within the ongoing debate on uncertainty, we provide a?brief...