Year 2014, Issue 2

Date published

18.6.2014

Table of content

  • Dwight Davison, Jay Mukherjee, David Simpson, Walter E. Block
    Preserving Species
    Summary: With the 40th anniversary of the passage of the Endangered Species Act it becomes necessary to review the history of this act and its impact on achieving its goals of preventing the extinction of endangered species. Many... With the 40th anniversary of the passage of the Endangered Species Act it becomes necessary to review the history of this act and its impact on achieving its goals of preventing the extinction of endangered species. Many environmentalists have argued that the only way to prevent the extinction of animals, most notable Elephant populations in Africa, is through government management and ownership. However, we argue in this paper that the best solution to preserving endangered species is creating a more free market- oriented system of private property rights over animals and land use. Our argument is two-fold, first - that without a true market with effective property rights we encounter a tragedy of the commons where there is no effective incentive among individual actors to protect endangered animals. Second is the unintended consequences of regulation by government actors that distort the incentives of individuals to protect endangered animals. By instituting a more market oriented way of governing all animals would significantly benefit by reducing the tragedy of the commons problem and the unintended consequences of government management. Using examples from the American buffalo, African elephants, fish farms, and farm animals we try to build the case for more free market-oriented policies in achieving the goal of species preservation.
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  • Vladimir Kraevskyi
    The Place of the Accounting Systems in the Management of Sustainable Development
    JEL: M41
    Summary: The article examines the ability of various accounting systems (accounting, financial reports and statistical records) to meet the information requirements of management of sustainable development. For this purpose, on the one hand... The article examines the ability of various accounting systems (accounting, financial reports and statistical records) to meet the information requirements of management of sustainable development. For this purpose, on the one hand possible combinations of economic and environmental accounting have been shown, and on the other - presented accounts for identifying new objects have been studied while making research on the economically underdeveloped regions. The results from the performed SWOT-analysis of the prospects for further development of the statistical system show that natural resources should be included in the accounting system in order to provide more reliable statistical data base for economic analysis and modernization of the national wealth indicator.
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  • Blagovesta Nikolova
    Trends in Contemporary Economic Forecasting
    Summary: This text attempts to outline some changes in the realm of economic forecasting within the context of a broader process of transformation in contemporary forecasting during the last few decades. The paper focuses on the following... This text attempts to outline some changes in the realm of economic forecasting within the context of a broader process of transformation in contemporary forecasting during the last few decades. The paper focuses on the following issues: the rise of technological forecasting; the advantages of long-term planning; the emergence of ‘alternative futures’ and global modeling; the normative considerations in economic forecasting; and some specific problems which need to be taken into consideration when making economic forecasts.
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  • Emiliya Vacheva
    Bulgarian Land and its Natural Resources – Late 12th Century – 14th Century
    Summary: The author of this article has made an attempt to reveal how the Bulgarian state and its natural resources have been described in West European sources of information during the period from the late 12th century to the 14th century.... The author of this article has made an attempt to reveal how the Bulgarian state and its natural resources have been described in West European sources of information during the period from the late 12th century to the 14th century. In order to achieve the aim of the article the West European sources of information published in Bulgaria have been analyzed and systematized, incl. chronicles, stories, travelogues, cosmographic maps, reports, maps, portolans, etc. They reveal the impressions and knowledge of western annalists and chroniclers on the borders of the Bulgarian state and its natural resources. They also show that Bulgarians and their land occupy a worthy place in the works of western authors.
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  • Kalin Kalev
    Accounting Monitoring on Determinants of Disclosures ‒ Validity and Application to Bulgarian Banks
    JEL: M41, M48
    Summary: Theoretical framework for investigation of mandatory disclosures have no algorithmical of research methodology and methods. The main reason is there is no established common conceptual framework of disclosures in financial reporting... Theoretical framework for investigation of mandatory disclosures have no algorithmical of research methodology and methods. The main reason is there is no established common conceptual framework of disclosures in financial reporting which functional definition to reflect their role and significance. By “functional definition” of concept we mean a definition which makes explicit the usefulness of the concept for certain purposes. In the paper we analyse the determinants of disclosures on sample of bank institutions in Bulgaria and we test previous research assumptions and resultants of the accounting literature. Furthermore, we propose a new framework for measurement of risk disclosures which can introduce to our knowledge some insights about the factors that influence the practice.
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  • Ventsislav Vezirov
    German Literature in the Curriculum Of Bulgarian Schools
    Summary: The paper discusses the curriculum in teaching literature from Bulgarian Renaissance to the beginning of the 21st century. It traces the various stages of the inclusion of works of German authors in Bulgarian schools. In the early... The paper discusses the curriculum in teaching literature from Bulgarian Renaissance to the beginning of the 21st century. It traces the various stages of the inclusion of works of German authors in Bulgarian schools. In the early 20th century bad translations were used, which were without artistic value, made through an intermediary language - Russian. In the study of texts there was lexical and stylistic analysis, from which students acquire a radically different understanding of the style of the author, since the translation has no connection to the original. The proposed review introduces us to a paradox. When in Bulgarian education there were not enough translations, and the existing were too spoiled, German authors were presented better in the Bulgarian school, and now - after having created a truly unique significant translations from German writers, poets and philosophers - none of them is accessible to our students.
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