What is the role of entrepreneurship in economic development from the perspective of neo-Austrian and new institutional economics and what is the difference between these approaches? Neo-Austrian economists claim that economic development is caused by entrepreneurial discovery. New institutional...

Using the arguments of Ludwig von Mises and Friedrich August von Hayek, I argue that private ownership solves the economic problem of corruption. Since private ownership discourages entrepreneurs from rent-seeking, and privately owned media provide objective and unbiased information to citizens,...

The aim of the paper is to set the agency problem into a broad context of New Institutional Economics with an emphasis on historical connections. In the first section, I explain the historical evolution of basic theoretical concepts like the theory of firm, the theory of market process and the...

Why is rent-seeking highly relevant for recent economic theory? In this paper, I argue that the common criticism of rent seeking theory is not new and relevant. First, I explain the basis of rent seeking and the main contributions to this theory including the theory of bureaucracy. Then, I...

What is the role of entrepreneurship in economic development from the perspective of neo-austrian and new institutional economics and what is the difference between these approaches? Neo-austrian economists claim that economic development is caused by entrepreneurial discovery. New institutional...

In this paper, I argue that neoclassical equilibrium models are not suitable theoretical tools for solving the corruption problem. In the first section, I set a general definition of corrupt action and I explain its nature. In the second section, I present arguments against the equilibrium state...

What are the historical foundations of entrepreneurial market process theories? Within the marginal revolution, economists laid down rigorous microeconomic foundations for market analysis. While the Cambridge school and the Lausanne school attempted to provide a theoretical apparatus that would...

The author reviews the book Larry H. White (2012): The Economic Clashes of the Last Hundred Years. Cambridge: Cambridge University Press, 2012. Is the book White (2012) a modern text book of history of economic thought? Kuhn (1970) argues that the scientific development is a matter of the...

Czech Abstract: Tento text vysvětluje teorii podnikatelského objevování v kontextu teorie vlastnických práv a zkoumá, jaký druh vlastnických práv je nezbytnou podmínkou pro aplikaci této teorie

Czech Abstract: Cílem kvalifikační práce je vysvětlení řešení problému korupce z pohledu dvou ekonomických teorií a nalezení řešení problému korupce, které by bylo platné pro obě vysvětlené ekonomické teorie. V metodologické části je argumentováno ve prospěch...