An externality exists whenever a transaction creates a cost or a benefit for a party not directly involved. Pollution, such as smoke emitted into the air or sewage poured into the water is an externality. In this paper I analyze the differences between Neo-classical and Austrian School of...

Economic development is a complex phenomenon, at least when speaking about understanding its real sources, despite the simplifying tendencies of economic growth neoclassical theories. These orthodox theories limit themselves to identifying the necessary conditions - such as capital accumulation...

This paper focuses on the role of institutions in enhancing economic growth. Attention to the institutional environment has become increasingly common in economic history and it has deeply enriched our understanding of how economies develop through time. Economic development is no longer...

The conference paper deals with the current debate on the specificity of sports in the international and EU law. Does the specificity play any role in the context of international law – e.g. in the international human rights and labour law? At the EU level, the idea of specificity was...

The article presents the problem of the report between the (European) Convention for the protection of the human fundamental rights and liberties as a juridical document of international law and the inter law of the member states of the European Council, spotlighting the incorporation manner of...

The right to defense as a social value is necessary for any social environment, and the arising of its elements during various stages of civilization has witnessed a visible progress, considering that nowadays the acknowledgement of the right to defense is a common denominator in all procedural...