Consumer behaviour is a component of the economic behaviour, which in its turn is a manifestation of human behaviour. As a consequence of the social and economic development of modern societies, the study of consumer behaviour has undergone a strong development process, during the past years...

As one of the most debated economic concepts, with the biggest egos caused both in theory and in practice, but also one of the oldest realities, historically speaking, of the human society, it was inevitable that the money be portrayed us in different instances, depending on the emphasis on its...

Marxism emerged from the confrontation between the German philosophy, classic English economics and the French socialism. It was a philosophy, a scientific method, a new vision of economics, an economic policy and an economic system alike. The Marxian economic strain of thought was assimilated...

All that has been proven to be thorough from the previous strains of thought has been continuously polished and integrated in what we call the dominant economic theory. Yet, there have been countless debates and contradictions regarding the economic ideas in mainstream (which includes classical...

Subject of numerous recent debates among economist researchers, complexity economics takes a whole new approach regarding economics, namely a holistic one. Although the phrase ‘complexity economics’ is recent, the holistic approach is however not a new subject, the ideas referring to...

Neoclassical economics, governed by the first principle of thermodynamics, based on Newtonian mechanics and centred on the rational individual, reifies the human actions and preferences in unites of measure for calculating marginal utility, determining the indifference curve and the...

There is an ongoing debate over the role of culture in economic institutions, especially those institutions associated with .free market, and capitalism. The new theory of General Power is very promising in dealing with all contradictions, and lack of a general view on the role of culture and...

Bureaucracy is not a recent phenomenon. Its beginnings go a long way back in history. Looking into the issue of bureaucracy is a good starting point for the study of two social systems – capitalism and socialism. Such an analysis must be built onto the comparison between profit based...

In our attempt to understand the causes and consequences of the most critical international financial crisis of the 21st century which, besides crushing world economies, questioned the bases of the mainstream economic theories, we focused our attention on the solutions provided by the Austrian...

The paper aims to contribute to the building of a more realistic understanding of the new born field of behavioral economics, based on a (fragmented) historical perspective of the psychological influences that can be traced in representative works from important economists. Exploring the theory...