This paper deals with the situation on the European labour market and especially on the Czech labour market. It shows the impact of long-term unemployment - a crucial problem in contemporary European countries - on the economy and on the society and its integrity. Great attention is paid to the...

The aim of the paper is to set the agency problem into a broad context of New Institutional Economics with an emphasis on historical connections. In the first section, I explain the historical evolution of basic theoretical concepts like the theory of firm, the theory of market process and the...