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

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,...

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 Czech version of this paper can be found at 'http://ssrn.com/abstract=2387418' http://ssrn.com/abstract=2387418The 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...

Czech Abstract: Jaký je význam právního státu v ekonomickém rozvoji z hlediska podnikatelských ekonomických teorií?English Abstract: What is the importance of rule of law in economic development from the perspective of entrepreneurial economic theories? Adam Smith argues that economic...

Czech Abstract: Proč je teorie dobývání renty užitečnou teorií? V článku je argumentováno, že poslední kritika teorie dobývání renty není nová ani významná. Na základě vysvětleného základního konceptu teorie dobývání renty autor vysvětluje její kritiku, která...

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...

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