The Austrian School has always represented a leading approach in social sciences emphasizing the power of logical deduction and key importance of pure theory. The lack of empirical content, however, often prevented the acknowledgement of correct theoretical and policy conclusions by fellow...

The article is an answer to the review of author’s book Free Market Environmentalism written by Petr Jezek. It illustrates the inadequacy of the form and content of Jezek’s critique. It addresses some of the reviewer’s arguments.

The paper investigates whether there is a statistically significant impact of short-term climate variables (specifically air temperature and rainfall) on residential water consumption at two selected case sites in the Czech Republic. The analysis is based on a unique time series of daily data...

Due to methodological problems and their practical limitations, the criticism of neoclassical environmental economics is increasing. The goal of this paper is to stress the differences and similarities between the two competing alternative approaches - institutional ecological economics and...

Neoclassical environmental economics, ecological economics and free market approaches to environmental protection are currently three main schools of thoughts that are systematically focused on interactions between the society and the environment. They all have strong defenders as well as...

The commentary defends the central idea of current institutional social research – that institutions are significant variables influencing the human action regarding the resource allocation. This idea was strongly opposed by the scientific board of the Czech economic faculty (institutionally...