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theoretical section, historical evolution of agency theory and rent-seeking is explained. It is explained how both the agency … theory and rent-seeking understand the problem of corruption and the problems of suggested public policies deduced from both … theories. Precisely, it is argued that while the agency theory lacks the concrete explanation of the institutional environment …
Persistent link: https://www.econbiz.de/10014149114
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...
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The Council of Economic Experts and its influence on the German economic policy are discussed in this paper. The first section concentrates on the institutional background and historical genesis of this body. Consequently, the importance of the Council in preventing a competitive and efficient...
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Aristotle, Smith and Genovesi. In the third part I outline present key challenge for the economic theory - tackling with the …
Persistent link: https://www.econbiz.de/10010322158
Aristotle, Smith and Genovesi. In the third part I outline present key challenge for the economic theory - tackling with the …
Persistent link: https://www.econbiz.de/10005258287