According to quite a number of scholars, even non-Austrian, some theories of Austrian school of economic thought do provide an increasingly relevant material to explain recent boom-and-bust economic cycles as well as financial crises. However, I argue, this development is not adequately...

In the following text we introduce those approaches to the methodology of economics that are relevant from the perspective of post-Keynesianism. After a partially historical outline of philosophical and methodological stances of John Maynard Keynes and Nicholas Kaldor we attempt to shed some...

Teachings of economic policy were present at the VŠE from its inception in 1953 needless to say that most activities were highly influenced by the ruling political climate. Despite all limitations there were some achievements of value, esp. works of prof. Olšovský and his team in 50s and...

For all 60 years of the existence of the University of Economics, Prague (UEP) was statistics one of the taught compulsory course, and here also took place the specialized studies of statistics, which predecessor was Statistical and Actuarial engineering at the University of Special Sciences...

The empirical literature generally accepts the influence of corporate taxes on the investment decision of the multinationalities. The most papers usually consider more aspect of that tax then only statutory corporate tax rate. Using annual time series data for the period 1998-2011 this paper...

D. Patinkin and R.W. Clower belong to the first criticists of the model IS-LM, and they have revealed its theoretical weaknesses. It was in the half of the sixties of the 20 century, i. e. at the time when there was nobody to make the effectiveness of the Keynes's policies dubious. These...

The paper deals with the different concepts of the human economic preferences in the point of view of the different economic schools, which deals with this topic. The paper begins with the description of the neoclassical concept of the preferences theory, followed by the critical analysis of...

The paper discusses the contribution of R. H. Coase to economics and his role as a founder of the new institutional economics. Coase also contributed to the establishment of Law and Economics as a discipline, he is the author of the transaction cost theory and of the Coase Theorem. The paper...

The purpose of the paper is to map the economic theory of Gary Becker. The first part outlines the life of Gary Becker. The second part analyses his economic approach to human behaviour. The third part covers the economics of discrimination. The fourth part examines the human capital theory. The...

The aim of this paper is to introduce roots of multi-agent approaches in economic theory. From the beginning, the opinion that economic system should be investigated on the basis of comprehension to its basic units was expressed by many scientists. Friedrich A. Hayek and Herbert A. Simon are two...