The paper is based on a broader study of three authors: Mlcoch, Machonin and Sojka. The underestimation of institutions both formal and informal ones, including business ethics was the key weakness of ex-Prime Minister Václav Klaus Czech way of transition during 1989-99. Then, the rhetoric of...

V poslednej štvrtine 20. storočia sa arabsko-izraelský konflikt pomaly menil na „palestínsku otázku“. Potom, ako bol Egypt kvôli uznaniu Izraela vylúčený z Ligy arabských štátov, bol v roku 1989 opätovne do tejto organizácie prijatý, čo bol signál, že arabské štáty už...

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...