The article presents an analysis of the specific character of pharmaceutical markets from the point of view of participating parties or “players” and the failures those suffer, in view of the efficiency of the market outcome. The proposition which is defended is that it is not only the...

This paper examines the revival of political economy in various forms in the last decades. The first part is dedicated to the evolution of the definition of the economic science to lay the foundation of a better understanding of the current use of the term “political economy”. The second...

Subject of the analysis is the theory of F. A. Haiek about the institutional frame of the spontaneous market order and its contemporary sounding. Studied are the nature, functions and structure of the social functions and the way they generate order. At front is drawn the character of the...