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...

In the paper we analyze economic university research and education in transition countries. University system differs from industry in the nature of output that it produces. University system is engaged in production of public goods rather than private goods. The sector also suffers from the...

Zabezpečenie obrany patrí medzi základné úlohy každého štátu. Zároveň patrí aj k najnákladnejším ekonomickým činnostiam štátu, pretože na plnenie uvedených úloh vynakladá štát časť svojich ľudských, materiálnych a finančných zdrojov. Obmedzené a vzácne...