The article will focus on regional diversity of the Polish Labor Market from institutional perspective. The Polish Labor Market is geographically diverse in terms of unemployment and employment rates, and also in terms of economic development. At the end of 2013 the difference between the lowest...

Institutionalism proves to be a very actual topic for the economists who search for answers regarding the understanding of the inner works of development. The left wing ideologies proved to be a bitter distraction. Economics have a positive and normative approach to the reality. We must find...

Societies in Western civilisation enforce their rules through formal institutions such as secularism (SES), whereas in less developed civilisations often rely on informal institutions such as religion (RES). The present paper attempts to explain the determinants of societies’ choice between...

The career and contributions of Roy Blough (1901-2000) are considered as a case study of Wisconsin Institutionalism in government policy-making at mid-century. Faculty member at Cincinnati, Chicago and Columbia, editor of the National Tax Journal, director of the research division of the U.S....

This paper seeks to examine the relationship and the interaction between institutions, policy and the labour market in the light of the ideas of the first generation of institutional economists, who, in contrast to neoclassicals, conceived of the economy as a nexus of institutions, underlining,...

Governing the complex institution of a business cartel is a highly involved topic. Operating outside the legal sphere, the cartel firms simultaneously need to harmonize prices and quantities, avoid discovery by the authorities, but also ensure that no member cheats on the others. This...

Bribery and other direct quid pro quo conflict of interest exchanges involving public officials and fiduciaries are well recognized as indictable offenses in many countries, but corruption also operates on an invisible level, embedded within the social norms and institutional practices of...