The present paper attempts to assess whether at all and in what ways the development of alternative capital markets may help an additional mobilisation of the given economy's domestic financial resources, and, consequently, contribute significantly to economic development. Against the...

The present paper studies the influence of institutions upon the risk incurred in alternative capital markets, in the lines of the old institutional school of economics. A game-theoretic model is introduced, presenting the alternative capital markets as Harsanyi's games with imperfect...

The present paper introduces the concept, and the model of fiscal agency, i.e. of a state of nature, in which the accumulation of public debt serves to increase the wealth of private sector, through leveraging private savings, and driving down real interest rates. Empirical research, conducted...

The present paper introduces a model of dynamic equilibrium in a market, based on game theoretic approach, with specific development for capital markets and corporate strategies. The model allows to study some aspects of structural change in markets, both its dynamics and qualitative aspects. An...

This article explores the issue of observable instability in financial markets interpreted as a long-term process of adaptation to demand for money, which, in turn, is based on the expected depreciation of fixed assets. Exploration is based on verifying empirically the hypothesis that the...

This article attempts to study the function of monetary systems as networks of communication, which facilitate the channelling of social effort in the presence of exogenous conditions. A model of monetary system is being proposed, where monetary balances are algorithms of response, built up in...

This article contributes to explaining the recently observable acceleration in the growth of output in renewable energies, through studying the fundamental role of renewable energies in sustaining human settlement. A model of general equilibrium is introduced, based on the logic of the original...

The manuscript of the book 'Capitalism and political power' studies the links between observable changes in global capitalistic processes (e.g. decreasing velocity of money), and the working of political systems, in the context of global demographic changes. As the velocity of migrations...