Looking through a bit unusual perspective of the Corporate governance, the paper addresses the "paradox of the firm" which emerges in neoclassical economic paradigm and originates from Ronald Coase. It shows how the Transaction cost Economics tries to resolve the paradox and why it fails in this...

An attempt is 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 article investigates the analytical line of reasoning in D. North’s, J. Wallis’ and B. Weingast’s research project “Violence and Social Orders”, which unifies in an institutional explanation scheme the control over violence in human societies, the equilibrium of interests among...

An attempt is 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 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...

Abstract: Within the framework of the mainstream neoclassical model, the existence of the firm creates serious theoretical difficulties. Major attempt to overcome them, leads to application of the Transaction cost economics developed by Coase, Williamson, etc. On its own turn, it creates new...

Bulgarian Abstract: Европейската интеграция е най-важният политически процес в Европа през XX и XXI век. Интеграцията продължава и се задълбочава и в наши дни, въпреки...