Social institutions are persistent regularities in contracting and other relations amongst men and in the unintended consequences of such rule-like behavior. They include morality and law as well as institutions of governance such as branding and advertising. Institutions are studied in all...

The creation and effects of social capital have seldom been a target for systematic analysis in orthodox economics. The purpose of the paper is to argue that in order to include social capital, along with physical and human, into economic analysis, we have to regard human preferences as...

We describe the costs of the conscription system from different perspectives. In particular, we consider the definition of opportunity cost related to the service time of conscripts. This is a cost that is not directly reflected in the state budget. In addition, we review related literature and...

We describe the costs of the conscription system from different perspectives. In particular, we consider the definition of opportunity cost related to the service time of conscripts. This is a cost that is not directly reflected in the state budget. In addition, we review related literature and...