One of the theories widely discussed and used to explain the phenomenon of international production is the “eclectic paradigm” put forward by John Dunning. In this research note, some aspect of this theory/paradigm will be critically assessed or pointed to: the difficult and elusive jargon;...

The present paper tackles two broad theses. According to the first, in the Eastern Orthodox view wealth, riches, material prosperity and whatever these things presuppose (the extended division of labour, trade, money, profit oriented entrepreneurship etc.) are not evil or condemnable in...

After Ronald Coase, the theory of the firm has maintained in various forms the market/firm distinction.

Economistul Paul Krugman – laureat Nobel în 2008 – are o modalitate preferată, aparent ingenioasă, de a explica fenomenul crizelor economice.

Were we to resume the most general methodological principle of the Austrian School it would be truth seeking. Without such an orientation the scientific enterprise (and much more than that) becomes meaningless qua scientific endeavor.

În acest articol voi încerca să aduc în discuţie un autor american, Frederick Barnard Hawley, care în 1907 scrie un volum de teorie economică – practic un tratat – intitulat Enterprise and the Productive Process

In this paper we try to elucidate the proper manner to evaluate economic theories and systems within the present financial crisis context. The main lines of argumentation are as follows: appeals to facts cannot settle the liberalism/etatism debate; the deadlock has an important...

Economia modernă se manifestă, în sens productiv, prin ceea ce recunoaştem sub denumirea de firme, întreprinderi. Firmele sunt entităţi organizate a căror raţiune de a fi a fost subiectul unei vaste literaturi, una care a început prin a le trata ca pe nişte “tonomate” ce...

Latinescul “medium” este astăzi una dintre cele mai tranzacţionate vocabule de pe Pământ. Mereu, oamenii au schimbat cuvinte înainte de a schimba lucruri. Iar vorbele au avut mai mereu o libertate semnificativ mai ridicată de circulaţie decât lucrurile pe care ele le denumesc....

The lesson of crisis in economy, if we could condense it into a single idea, would sound like this: when private property gets mixed with illusion and fraud, the societal order becomes a tensed experiments system, both discretionary and costly. This is, in fact, the interventionism’s essence,...