The first part of the paper formulates the definition of the knowledge and the new economies and two systems of quantitative characteristics for the new economy - the American and the European ones. The knowledge economy can be regarded as a general characteristic of the current and important...

The economic theory of the last decades deals with how certain models of institutions and incentives could improve the coordination of individual actions in society. Setting rules regulating relationships between economic agents is considered as the key requirement of such coordination....

The English version of this paper can be found at http://ssrn.com/abstract=2053674 Czech Abstract: Cílem tohoto článku je vložení problému zastoupení do širšího kontextu Nové institucionální ekonomie s důrazem na historické souvislosti. V první části vysvětluji historický...

Czech Abstract: Cílem tohoto článku je představit Kirznerovu teorii podnikatelského objevování jako doplněk a alternativu k teorii hlavního proudu. V první a druhé části autor vysvětluje hlavní vlivy Ludwiga von Misese a Friedricha Augusta von Hayeka na vznik podnikatelské...

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...

The aim of the paper is to introduce Kirzner's theory of entrepreneurial discovery as a complement and an alternative to the mainstream theory. In the first and the second sections, the author explains the main influences of Ludwig von Mises and Friedrich August von Hayek's works on...

What is the role of entrepreneurship in economic development from the perspective of neo-Austrian and new institutional economics and what is the difference between these approaches? Neo-Austrian economists claim that economic development is caused by entrepreneurial discovery. New institutional...

The article focuses on cooperation of enterprises while performing their innovation activities. Many firms face various obstacles while innovating their product or service portfolio. One way how to remove some of the barriers is to collaborate with another firm. The article covers most common...

The issue of innovation potential development is topical not only by reason of competitiveness of our companies but also maintaining share market and surviving the current economic crisis. Well managed and successfully introduced innovation into the market represents the tool for the companies,...

Economic growth of the Czech Republic strongly accelerated in the years 2005-2007. Substantial decline of economic activity took place at the end of 2008 and in the year 2009. On the supply side the main contributing factors were labour and total factor productivity. On the demand side the...