This paper studies whether the dynamic behavior of real GDP, unemployment and inflation is systematically affected by the timing of elections and by changes of governments in the Czech Republic. Two basic models of political cycles are tested – the political business cycle models and the...

In the course of exchange rate development history of the countries taking part and evaluated in ERM or ERM II before they entered the euro-area there was no depreciating evolution with a trend to currency crisis at all. Fundamental indicators of these economies, partly owing to the compliance...

Each year we are informed in the "World Competitiveness Yearbook" , which is published by the International Institute for Management Development in Lausanne, about the bad and/or deteriorating competitiveness of Centraleuropean transition countries, although their export performance, as well as...

The article is engaged in the improvement of quarterly information on the gross domestic product by type of expenditures from the first expectations to final data. It concludes that the first estimate of GDP is under-estimated. This underestimation is caused by underestimation of the final...

The article deals with Mill's views on methodology. The place taken by political economy in the general classification of knowledge is shown. This includes: natural distinction between physical and moral sciences (including non-reducibility of mental phenomena to physical phenomena) and...

The article describes the nature and importance of the concept of private property. It traces back the logical necessity of the respect for property as a safeguard of both peace and prosperity. Then, it surveys arguments in favor of intellectual property that allegedly coincide with those of the...

The article deals with socio-economic aspects of responsible behaviour of owners, entrepreneurs and managers in practice of economic transformation. As the starting point of defining the concept of responsibility serves the elaboration of basic theoretical economic, juristic, philosophical and...

Currently, if speaking about the theoretical background of the environmental policy, most of environmental economists have neoclassical economics in their minds. State regulation of private activities by means of restrictions, commands, taxes and fees is usually seen as the only one way to reach...

The paper focuses on a comparison of three different approaches that seek to explain the existence of public goods. First the mainstream Samuelson-Musgrave approach, based on the search for an objective nature of so-called pure public goods, is critically evaluated, especially with respect to...

V tomto článku překládám nástin jednoho z možných přístupů, jakým může ekonomická teorie reagovat na aktuální výzvu, kterou představuje Easterlinův paradox. Klíčové téma vyžadující hlubší pochopení a uchopení ekonomickým aparátem je sociální povaha člověka,...