The “new” economy seems to be vulnerable to cyclical shocks that increased in magnitude and induced higher volatilities on the markets. The role assumed by state in this equation of markets’ equilibrium significantly increased. The causes of current crisis of modern economies are strongly...

Approaching the theory of economic cycle is not an issue that comes in hand! We are permitted to make such a statement based on the idea that explanations concerning the business cycle theory are strictly related to how each school of thought was able to understand the system that makes market,...

In economic literature, the competitive advantage’s relevance is still debatable.

Nowadays it becomes obvious that entrepreneurship and economic performance are closely linked. 

Le libéralisme, comme nouvelle orientation théorique et pratique, a pris forme graduellement; il n’est pas uniquement une doctrine qui repose sur une politique économique et sociale libérale. Au XVIIIe st XIXe siècles, le libéralisme s’est manifesté dans sa forme classique, qui...

The main objective of the present approach is, first of all, to analyse the "transaction costs" concept and then to prove scientifically the relation transaction costs – institutions.