In the market economy the “actors” act according to rules of the game – the institutions – which impose certain restrictions on their behavior, making it more predictable for the other participants, reduce risk and uncertainty, and furthermore lowers transaction costs, etc. Institutions...

In this paper an attempt is made to outline the views on the transformation of the former GDR formulated in the German scientific literature. Due to the limited scope of the paper and the magnitude and complexity of the phenomena, discussion is limited to the most important and most...

The study attempts to develop the concept of using the idea of constructed and spontaneous economic order in the analysis of system transformation process of the former German Democratic Republic. The paper consists of six parts and ends with conclusions. In the first introductory part, an...

The study is devoted to the ordoliberal concepts of economic order based on competition. Firstly the historical background of ordoliberal economic thought is sketched and the views of the most important authors on mechanism of competition and its institutional foundations are introduced. Next...

The aim of the study is a comparison of re-privatization policy pursued in Poland and other countries of Central and Eastern Europe, with particular emphasis on the formerGDR. Poland has chosen a completely different approach to this issue from that of the Germans. Despite the claims of former...

The paper deals with the process of the economic unification of East and West Germany on the twentieth anniversary of the reunification. The paper outlines the objectives of the reforms in the former GDR and related expenditures. The process of economic convergence of both parts of the country...

Each educational institution shall draw up lesson plans that take into account many constraints and preferences of users and determine the intensity of utilization of the material base. The article aims at bringing the issues of planning activities and tries to identify a number of dilemmas...

In response to the deterioration in public finances, Switzerland has introduced an institutional innovation – a constitutionally established public debt brake. Germany’s new fiscal rule passed by the parliament in 2009 is based on the Swiss model. Both solutions are aimed at reduction of...

The article concerns the sources of the financial crisis in the U.S. from the perspective of the quality of information. The problem of asymmetric information is analyzed on the basis of relations among market participants involved in assets securitization.

The paper deals with the process of the economic unification of East and West Germany on the twentieth anniversary of the reunification. The paper outlines the objectives of the reforms in the former GDR and related expenditures. The process of economic convergence of both parts of the country...