Die monetaristische Geldtheorie gesteht zwar dem Geld als „Luxusgut” einen eigenen Nutzen zu, gelangt aber erst durch eine kritische Synthese mit der keynesianischen Liquiditätstheorie des Zinses zu sinnvollen Ergebnissen. Sowohl Milton Friedmans Idee, das Wohlfahrtsoptimum durch eine...

Recently, several governments in Canada have shown an increased willingness to subsidize private investment projects, especially in the manufacturing sector, to the dismay of tax conservatives. I evaluate under what circumstances these government subsidies make sense, paying particular attention...

As explained in the paper namely, “Measuring a Societies Knowledge base”, it is not difficult to measure the knowledge base of a society, though it would be very laborious and time consuming. Knowledge is simply all the laws of existence a society knows plus all the products that a society...

Opportunity cost is an economic concept which takes on multiple forms of expression. One of these is the foregone profit as a result of the manufacturer’s option to produce goods by quality classes or of its choice of goods with certain values of gross margin and production lead times. This...

В статье предлагается усовершенствовать понятийный аппарат политической экономии путем рассмотрения в терминах альтернативных издержек отношения между...

В статье рассмотрена история развития такого направления неоинституционализма, как экономика преступлений. Проанализированы совокупные общественные потери...

There is no robust empirical support for the effect of financial incentives on the decision to work in selfemploymentrather than as a wage earner. In the literature, this is seen as a puzzle. We offer a focus on theopportunity cost, i.e. the wages given up as an employee. Information on income...