The aim of this paper is to briefly review the main debates between the New Institutional Economics (NIE) and the Old Institutional Economics (OIE). While the NIE is considered in the literature as essentially orthodox, the OIE’s thesis are mainly heterodox. From a theoretical perspective, (i)...

The paper sketches the current ecological and economic context of sustainable regional development with focus on the imperative for change to a post carbon economy, the need for innovation within the learning system of public administration and policy challenges for securing system viability.

The paper sketches the current ecological and economic context of sustainable regional development with focus on the imperative for change to a post carbon economy, the need for innovation within the learning system of public administration and policy challenges for securing system viability.

Institutional (in particular, political) pluralism is a fundamental feature of modern developed societies. Its cultural basis is the tolerance of citizens. The paper proposes to distinguish between legal, evaluative and interactive tolerance. This distinction makes it possible to explain the...

The article is devoted to institutional control of social system and conceptual aspects of the structure of institutional matrix.

The theory of reforms usually assumes that a designer aims to increase public welfare under existing constraints. In practice, however, initiators of reforms quite often proceed from false premises, and pursue political and-or self-interested goals. In this paper, we analyze an example of such...

This article explores the theoretical relationship between economic growth and transaction costs, including the historical background of the discussion. Causes and implications of the rapid enlargement of the Bulgarian transaction sector in the transition period are discussed in respect to...

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...

In this article we propose a modification (extension) of the model for cost accounting in Bulgaria which will enable the gathering of information for the art and size of the transaction costs in an individual firm or organization. On the ground of prevailing classification schemata in economic...

Article on the causes, dynamics of development and institutional forms of economic cycles. We study the institutional patterns associated with the formation, development and completion of economic cycles from the standpoint of an exogenous approach. The author proves the thesis about the...