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Both the Information Theoretic Economics and Austrian Economics investigate the impact on market activity of problems … differences, not primarily from an abstract philosophical point of view, but by looking at substantive examples of the economics …
Persistent link: https://www.econbiz.de/10005446017
theory, Austrian economics, and the new institutional economics. He concludes that the best way to reduce human suffering in …
Persistent link: https://www.econbiz.de/10010987940
Persistent link: https://www.econbiz.de/10009403318
In this paper, I oppose the Misesian insight on the problem of bureaucracy to the theory of Niskanen. Assuming that … theory to the study of bureaucratic behavior, Niskanen shows that bureaucrats have a strong incentive to try to maximize the …
Persistent link: https://www.econbiz.de/10008467392
. In fact, any human action is the outcome of a process of thought which means that there is no action without theory …. Therefore, the necessity of theorizing is not debatable, but the important problem is to select the most relevant theory. From … this point of view it is striking that most commentators did not refer to the most relevant theory to explain the recent …
Persistent link: https://www.econbiz.de/10010786616
This paper introduces the idea of “robust political economy.” In the context of political economic systems, “robustness” refers to a political economic arrangement's ability to produce social welfare-enhancing outcomes in the face of deviations from ideal assumptions about individuals'...
Persistent link: https://www.econbiz.de/10005722369
the context of the economic environment; the structure of government; the influence of the 'new regional economics'; and …
Persistent link: https://www.econbiz.de/10005278616
This paper argues in favour of introducing solidarity into economics as a new analytical category of human motivation …
Persistent link: https://www.econbiz.de/10005775663
This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...
Persistent link: https://www.econbiz.de/10005106885