In the paper, marginal analysis and linear programming are described and then compared as two independent theoretical approaches to production theory. Although marginal analysis dominates economic literature, we argue that linear programming is an equivalent theory with some advantages and, of...

Business processes take place in an environment of complex systems that consist of many interrelated elements with stochastic and dynamic characteristics. Simulation and management methods were developed to cope with such complexity. Simulation and management methods are interdependent...

Monthly and yearly inflation rates can be understood as rates of dynamics of the basic inflation indicator i.e. the consumer price index. These indicators modify the original inflation information. It is important to analyze the difference of the consumer price index, monthly and yearly...

Doubts about the intrinsic value of economic performance are nothing new (T.Scitovsky, J.Galbraith). The paper starts with a criticism of „catching up“ models and a „puzzle“ of East Germans dissatisfaction with a rise of welfare after the Berlin wall’s fall. Author provides a sketch of...

The article deals with sex discrimination prohibition in the European community law as well as in the Czech law and it describes antidiscrimination juridical practise in the Czech Republic. It judges selected institutes of the antidiscrimination act from the point of view of their economic...

The author raises doubts about a sense of "catching up" and an idolatry of HDP´s growth. His argumentation is based on the longitudinal international research of the link "economics-happiness" at the frontier between economics and psychology. The rationality of economic science "more is better"...

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 author addresses the question of interdisciplinary studies based on his own experience. His negative experiences are confirmed by the results of a quantitative survey demonstrating that the proportion of citations from other disciplines is very low in four examined fields (economics, law,...

The article presents Max Weber as an economist. Weber's relation to economics is discussed. His inaugural speech in Freiburg "National State and Economic Policy" (1895), "Lectures on General (Theoretical) Economics" (1898), writings about stock exchange (1893-1898) as well as his article...

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...