Launched on institutional channel by George Tintner and Armen Alchian, the principle according to which the competitive environment is the one which operates the selection forcing individuals to behave rationally was and remained a subject of methodological disputes. Once in the market, the...

The way the results of the human activity are measured has been and still is a major theoretical and practical concern of the economic world. In this article we are particularly interested in analyzing the circumstances that provide a real image for the economic results at macroeconomic level....