This paper deals with one of the central debates in the recent literature of political economy: the cause-effect relationship between capitalist development and liberal democracy. It is divided into two sections. In the first part, we break away from the idea that democracy can rise anywhere....

The Albanian Ndihma Ekonomike is one of the first poverty reduction programs launched in transitional economies. Its record has been judged positively during the recession period of the 1990s and negatively during the more recent growth phase. This paper reconsiders the program using a...

Competition is increasingly crossing borders. However, location still matters: the most successful competitors in an industry often cluster in the same geographic areas and companies use the advantages of location to compete at a global level. When competing across borders, firms can coordinate...

The fundamental theme underlying Hirshman’s thought regards the nature of the process of the economic choice. He argues that the search of “appropriateness” between too much and too little, expresses our aspiration to well-being, better than the idea of an objective concerning pleasure...

The Non-Governmental Organizations (NGOs) are analyzed through nine dilemmas that they face in their ordinary functioning. These dilemmas rise from typical difficulties of collective action. When aid and emergency activities are carried out, they get even harder because of further difficulties...

The “paradox of happiness in economics” has aroused a growing interest among scholars all over the world. In opulent societies, many people, despite an increase in income, declare themselves less happy. One explanation is that economic growth can destroy some “relational goods” (personal...

In this paper we characterize metric spaces used in Beardon's generalization of Arrow-Hahn utility representation method as generalized Peano continua. For continuous preference relations defined on such metric spaces, we further construct an upper semi-continuous utility function which...

As in [7] we consider classical system of interacting particles P_1, ... , P_n on the line with only neighboring particles involved in interaction. On the contrast to [7] now periodic boundary conditions are imposed onto the system, i.e. P_1 and P_n are considered neighboring. Periodic Toda...

We study classical multiparticle system (e.g. Toda lattice) on the line whose dynamics will be controlled by forces applied to few particles of the system. Various problem settings, typical for control theory are posed for this model; among those: studying accessibility and controllability...

We study a cobweb-type commodity market where n firms operate and characterised by a strictly monotone demand and supply. The firms are assumed to differ in a key parameter governing price expectations which we suppose to be adaptive. We characterise the unique steady state of the resulting...