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...

The article characterizes current ideas on this issue and defines a global paradigm of a managerial system on the principle of living organisms. Using Kuhn's theory of science development, the article characterizes controversial attitudes to knowledge economy and defines a global paradigm for a...

Ekonomická kriminalita nadobúda v podmienkach globalizácie nové rozmery. Dochádza k prepájaniu organizovaných skupín, ktoré pôsobia destabilizujúco na ekonomiku jednotlivých krajín. Veľmi často dochádza k zneužívaniu bankových nástrojov a nových bankových technológií na...

We present results of an analysis and comparison of 46 studies (54 economic surveys) on capital budgeting methods for investment projects evaluation with emphasis on trends in application from 70s till present. We focus on three methods: net present value method, internal rate of return and...