In the past three decades, several attempts in various directions have been initiated for reforming the pension system. The reforms are needed to ensure financial viability on the one hand, and to achieve greater justice, on the other hand. Parametric reforms are not enough. A paradigm shift is...

The intense innovational activity typical of the financial sector in the last 30 years requires households to have increas-ingly comprehensive and complex financial knowledge. The main objective of our study, therefore, was to assess and evaluate risk management activity, which is an integral...

It is obvious that the pension system needs long-term reforms. We are suggesting a pension system based on so-called points, which may contribute to the solution of the long-term financing problems. The essence of the system is that the points col-lected during the insured period, the average...

Crisis triggers change in economic theory, this time bringing healthcare to the forefront of attention. We now have our primary focus on finding a cure, and developing treatment as well as preventive capacities. While saving lives is of utmost interest, securing livelihood is also a priority,...

Rethinking economics is unavoidable. There is no value-free economics. It is necessary to create more practical curricula when teaching economics. Economics is not a vertical, but a horizontal science. There is not only one model, there are different models. It is important to include the...

Michael Hudson J is for Junk Economics – A Guide to Reality in an Age of Deception ISLET VERLAG, GERMANY, 2017

An age-old debate has recently resurfaced in the columns of a daily newspaper Money creation in practice. Misconceptions and reality. Is the issue still topical; indeed, is it one of journalism? Especially since the crisis, the public is still highly preoccupied with how banks have come to have...