The introductory parts of the paper analyse development of a local variety of capitalism in Slovakia from the institutional and evolutionary perspective. In early transition period privatisation policies were aimed at development of a liberal version of capitalism, based on fluid capital...

This paper discusses recent claims made by Caplan (2000, 2001a, 2001b, 2001c, 2002, 2007) who argues that democracies produce bad policies as a result of voters' irrational beliefs. We start by outlining the motives which led Caplan to amend classic Public Choice in such a radical fashion. We...