The purpose of our paper is to analyse the relation between the inequalities of the healthcare system and economic growth. With respect to methodology, we focus on the eight development regions of Romania which group counties with different development levels and complementary economies. By...

The evolution of the Western world has drawn on theoretical structures of classical and neoclassical liberalism for its explanatory support and sources of inspiration for centuries. Against this ideological background, institutionalists aim at showing that growth is a process of transformation,...

In time, there were a series of studies on the role of institutions, a number of growth theories and models being proposed, which have had different impacts on the real economic processes. Institutionalist approaches differ from one author to another, however we must note that economic growth is...

There is a simple case which combines different lines of thought of the institutional economy: institutions matter. If this hypothesis is considered to be central, transaction costs economics, property rights economics are part of institutional economics, as well as in public choice theory's...

The main purpose of this paper is to underline the downfalls of neoclassical growth theory. The narrow and artificial framework given by the neoclassical economists have no correspondent in real life. With a 'refreshed breath' the Austrian School of Economics tried to explain the dynamic and...

The values, faiths and virtues generate relatively stable attitudes and enduring predispositions of behavior, manifested in relation to a situation or person. The Weberian secularization hypothesis shows that, while the process of economic development is launched, the religious institution plays...

In the specific literature, religious diversity has received important attention. The present study contributes to the literature of economics of religion by examining the impact of religious freedom and other specific variables of freedom (like economic freedom, political freedom and civil...

Currently, most of Weber's work is still one that lends itself to various interpretations and, thus, it equally lends itself to countless debates. Weber has been criticized for various reasons: lack of a full understanding of the Protestant doctrine; a faulty interpretation of the Catholic...

The transition of Central and Eastern European post-communist countries followed different sets of reforms with different degrees of success which generated a monolithic debate attitude for decades. From shock-therapy and intermediary to gradualist approaches, I stress the superiority of...

The economic development process is a complex concept, much broader than the material growth model. The economic growth is a process of accumulation in terms of quantity and value, using a series of macroeconomic variables such as GDP, the real wages or the income per capita. Economic...