This paper aims to explain if there is a link between human capital accumulation and/or formation and economic growth. In a knowledge-based economy, investing in human capital is a representative of a country’s economic power. Migration of brains or so called “brain drain” to developed...

One of the leading figures of the Austrian School is by far Ludwig von Mises. Known better for his findings regarding the relationship between money, prices and interest, Mises brought originality and a new perspective over the monetary policy. This paper is a tribute to the philosopher Mises,...

This paper aims to explain if there is a connection between foreign direct investments (FDI) and gross domestic products (GDP) of Central and Eastern Europe (CEE) countries. Through a regression model we look for a correlation between these two indicators. CEE region has always been attracting...

This paper aims to show the different approaches of monetary policies from a Keynesian and a Monetarist perspective. We will present a critical view about money and monetary theories by comparing two of the most important and influential schools of economic thinking: Keynesian paradigm and...

Out of the two types of monetary policy interventions – along with passive ones – active interventions are bettter used in order to increase the performances of a real economy. This was the main field of focus for the swedish economist Knut Wicksell. The aim of this paper is to present a...

Out of all the ideas and assumptions regarding the money and monetary theory, the classical liberalism was the first major paradigm that contributed to the development of the quantity theory of money. This paper aims to express the first steps made by the Classical School economists in...