In this paper we compare the classical general equilibrium framework of Smith and Marx with the neoclassical one of Arrow and Debreu, and find that these competing paradigms of equilibrium clash on a number of critical issues--efficiency, power, the role of markets, time, the nature of...

Thinking about Ronald Coase, economists generally refer to transaction and social costs, to the importance of property rights and institutions or to the Coase-theorem. Examine his work more closely, a common feature takes shape behind these ideas, the public utilities. The constant and detailed...

My intention was to add my own research to the history of the field of economic research at the Institute of Economics of the Hungarian Academy of Sciences in the period of '50s and '60s. However, the collected material gradually revealed several aspects of István Friss' efforts to try...

Thinking about Ronald Coase, economists generally refer to transaction and social costs, to the importance of property rights and institutions or to the Coase-theorem. Examine his work more closely, a common feature takes shape behind these ideas, the public utilities. The constant and detailed...

My intention was to add my own research to the history of the field of economic research at the Institute of Economics of the Hungarian Academy of Sciences in the period of '50s and '60s. However, the collected material gradually revealed several aspects of István Friss' efforts to try...

Russian Abstract: Каждый конкретный ученый не может быть идеальной интеллектуальной машиной полностью свободной от посторонних влияний. Прогресс (как минимум)...

Russian Abstract: Институциональная теория предполагает изучение влияния неэкономических факторов на динамику экономического развития. В число таких факторов входят...

Russian Abstract: В статье представлена экзогенная концепция институциональной цикличности и институционального равновесия. Институциональный цикл рассматривается в...

Russian Abstract: Статья о проблемах институционализации платёжной среды электронной коммерции. Автор анализирует тенденции развития платёжных институтов и...

Russian Abstract: Электронная коммерция постепенно трансформируется из разновидности торговой деятельности в самостоятельную отрасль глобальной сетевой экономики,...