This article explores the theoretical relationship between economic growth and transaction costs, including the historical background of the discussion. Causes and implications of the rapid enlargement of the Bulgarian transaction sector in the transition period are discussed in respect to...

This article is a study of key theoretical aspects of the transaction cost concept, being vital for the economic development, such as their impact on structuring and allocating the property rights – incorporated in the general issue of the changes in the institutions within the paradigm of the...

The article highlights the current theories in the New Economic History, explaining the market social order rules imposed in the Western World in the post Renaissance period. The social order structure, based on impersonal exchange and rational prudence, differing from any other order in the...

An attempt was made to sum up the basic socio-economic issues in Karl Polanyi's book “The Great Transformation”, which is less known by the economists in our country. Suggesting an alternative to Marx's market economic analysis at the early stages of establishing and imposing the capitalist...

This paper summarizes some of the most influential economic concepts developed by Gottfried Haberler, a leading economic theorist of the 20th century. The importance of his theories for modern economic thought cannot be overestimated. His ideas on price indices, applied opportunity costs for...

This article gives an overview of the life and work of Bulgarian economist Georgi Danailov in the beginning of the 20th century. Studied consequently in Moscow, Berlin, Munich and Vienna under such influential scholars of his time as Chuprov, Yanzhulov, Schmoller, Sombart and Brentano, Danailov...

he sociological literature on social networks emphasizes by and large positive network effects. Negative effects of such networks are discussed rather rarely. This paper tackles negative effects by applying economic theory, particularly neoclassical theory, new institutional theory and the...

This article suggests a possible approach to the explanation of the monetarist money demand theory and the related policy implications in the teaching of History of economic thought. For the purpose of better understanding Milton Friedman’s contribution the emphasis is put on the conceptual...

This paper focuses on transaction tasks as seen on the micro level. We suggest how transaction tasks can be measured by the official statistics. The article complements a previous one by Chobanov, Egbert and Gyuredjeklieva (2006) published in this journal and discusses the weaknesses of existing...