Using the responses in the latest round of the Business Environment and Enterprise Performance Survey (BEEPS) of approximately 1,800 business owners and senior managers in the Western Balkans, this paper examines the linkages between firm performance and perceived obstacles to doing business. We...

The foundation upon which this paper was submitted is to rigorously conceptualize the adoption, and the interpretation in the use of the term ‘Fragility’ in a strict economics perspective, to avoid the continual arbitrary interpretation of the terminology that confuses its explanation power...

The ‘societal crisis of the present' (Gesellschaftskrisis der Gegenwart) is defined by the German neoliberals Eucken, Röpke and Rüstow as a state of ‘massification' (Vermassung), proletarianization and disintegration – accompanied by a far-reaching moral decadence, an ethical nihilism...

Are high-ability individuals more likely to quit egalitarian regimes? Does the threat of exit by talented individuals restrict the redistributive capacity of democratic organizations? This paper revisits that long-standing debate by analyzing the interplay between compensation structure and quit...

Most economists take it for granted that a price mechanism is usually the most effective means of resource allocation. This paper compares two methods of allocating resources in the thoroughbred racing market: a price mechanism and bureaucratic restrictions. It is shown that a simple price...

The article considers that conceptual frameworks exist not to portray truth as an absolute, but rather to provide order and guidance to actions and behavior. From such perspective, the article considers that ethical frameworks assist in our attempt to balance the instinct that we have to look...

Within the last 25 years great progress has been made in Neo-Schumpeterian Economics, this branch of economic literature which deals with dynamic processes causing qualitative transformation of economies basically driven by the introduction of novelties in their various and multifaceted forms....

When are citizens willing to give up civil rights to enable governments to deal with large-scale emergencies in non-democracies? Emergency responses are one of the most fundamental public services governments provide. Digital transformations in government services both create new possibilities...

This article discusses recent efforts to reconcile behavioural economics into other schools of economic thinking. The article argues that behavioural economics should be keen to integrate ideas from other schools and the wider academy. However, adopting a Kuhnian perspective, further argues that...