Swedish economists have received impulses from historical or institutuionalist sources on many occasions. A couple of these economists, Gunnar Myrdal and Johan Åkerman, received obvious impulses from American institutionalism. This article deals with the case of Åkerman. To attempt a...

A model of an oligopolistic market with a homogeneous product is examined. Each subject of the model uses a conjecture about the market response to variations of its production volume. The conjecture value depends upon both the current total volume of production at the market and the subject's...

The paper presents that standard methods for estimating effectiveness of capital investment projects are deterministic. Uncertainty and risks are introduced and declared but not described with proper terminology. As far as large capital investment projects are concerned, of which implementation...

Strategy games are a popular part of today's management training in education and business. Complex economic interrelationships can be illustrated and interdependencies of economic decisions can be more easily understood. Most business games work with a discrete time model, i.e., decisions are...

Strategy games are a very popular part of today’s management training in education and business. Complex economic interrelationships can be illustrated and interdependencies of economic decisions may be better understood. Most of the business games work with a discrete time model, i.e....

Today, more than ever, managers are called to solve the problems facing the economy at the beginning of the third millennium, and on this basis, to solve many social problems of humanity. Also, the business world moves today in a very rapid pace and less ordered. This has a direct implication:...