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The aim of the paper is to outline an economic theory of security in international perspective. First section … highlights the economic theory of alliances. Second section examines the defence economics. Third section looks at terrorism from … rational choice theory point of view. Forth section analyses security dilemmas in the war on terror. Fifth section explores …
Persistent link: https://www.econbiz.de/10005258273
English Abstract: 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 entrepreneurial theory. Section three analyzes pure …
Persistent link: https://www.econbiz.de/10014149263
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 entrepreneurial theory. Section three analyzes pure entrepreneurial profit …
Persistent link: https://www.econbiz.de/10008752942
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...
Persistent link: https://www.econbiz.de/10008752948
A number of authors have used the concept of an optimum currency area (or OCA) index to assess the relative proximity of various pairs of economies to the ideal of an optimum currency area. Alas, a significant deficiency of this approach as used so far is that it provides no room for long-term...
Persistent link: https://www.econbiz.de/10009210902
Learning process is a new approach of filling the gap between adaptive expectations and rational expectations. Private agents are learning new information and adjust their expectation about the inflation and output gap. Central bank transparency is one of the key factors of learning by private...
Persistent link: https://www.econbiz.de/10008564640
The paper evaluates some policy dilemmas the Czech monetary policy will face on the way towards adopting common currency. The assessment of the inflation criterion concentrates on the potential clash with so called real convergence showing that alleged negative influences on the catching-up...
Persistent link: https://www.econbiz.de/10005808673