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The authors critically discuss some of the theses of Svetozar Pejovich from his article On the Privatization of "Stolen Goods" in Central and Eastern Europe. The Independent Review, v. X, N. 2, Fall 2005, s. 209-229. ISSN 1086- 653. Their polemic can be summarized as follows: (1) According to...
Persistent link: https://www.econbiz.de/10005036687
We analyze the extent of the integrated state control over the privatized companies in the Czech Republic during the decade of 1995-2005. During this period, the integrated potential of the state to control companies had a pyramid-like form. Even though the pyramid control was not fully...
Persistent link: https://www.econbiz.de/10008876460
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This paper pits expected utility theory and cumulative prospect theory against each other as regards their descriptive accuracy. Some older as well as newer pieces of evidence are described which show that under certain circumstances, expected utility theory is not descriptively valid. The most...
Persistent link: https://www.econbiz.de/10005698647
This paper summarizes the major events in the recent history of modelling human decisions under risk. After presenting the basics of expected utility theory, the key pieces of evidence are described which showed that under certain circumstances, this theory is not descriptively valid. The most...
Persistent link: https://www.econbiz.de/10005673608
The Czech Republic has undergone a profound political, economical and social transformation in the past few decades. The changes that have occurred in society showed strongly in the change in the demographic behaviour of society and the change in the general population climate. The transition to...
Persistent link: https://www.econbiz.de/10005049543
second part confronted with the economic policy of the Nazi Germany (and partly that of Bolshevik Russia) and common … components are identified. The conclusion is that despite his explicit repudiation of socialism and dictatorship and his efforts … to "save" capitalism, Keynes's concept of economic policy was similar to the economic policy of Nazi Germany and opened …
Persistent link: https://www.econbiz.de/10005036388
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Persistent link: https://www.econbiz.de/10000829686