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Michael Edelstein, Robert Wenzel, Bridgette Salcido
A Response to Walter Block’s “Free Will, Determinism, Libertarianism and Austrian Economics”
Summary:
The authors respond to Walter Block’s essay: “Free Will, Determinism, Libertarianism and Austrian economics.” Block’s thesis that human behavior is governed by Free Will and naysayers cannot be classified as libertarians is disputed. Counterarguments include the observation that humans are not exempt from the causality principle and Spencer, Mises, and Hayek are determinists.
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Stefan Simeonov, Teodor Todorov, Daniel Nikolaev
Determinants of Stock Exchange Activity in the Conditions of the Bulgarian Fund Market
Summary:
Popular scientific and practical researches on stock exchanges usually consider price indicators, especially stock indices, which essentially reflect economic expectations. Unlike those, the present study focuses on stock market activity, measured by the direct stock exchange indicators – stock exchange volume and stock exchange turnover. We have selected seventeen determinants of stock exchange activity, which are initially subject to correlation analysis together with the two indicators. Relatively weak dependencies on macro factors have been found as for the natural indicator (the stock exchange volume) and slightly stronger dependencies of the price indicator (the stock exchange turnover) have been established. The subsequent causality analysis, based on the Granger model, sheds light on some of the more significant determinants of stock exchange volume and turnover at the Bulgarian Stock Exchange. In the monthly surveys, the stock exchange volume factors are inflation in Bulgaria, silver and platinum price changes and, regarding stock exchange turnover, Leonia + interest rates and quotes in addition. In the quarterly observations, the amount of household deposits appears with impact that is more significant.
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Fotin Marchev
The Ethics of Dimitar Mihalchev – Regulator of Human Relations
Summary:
The article analyses the ethical views of Dimitar Mihalchev, a representative of the Bulgarian philosophical ethical thought. Linking the theoretical - philosophical analysis with social reality, D. Mihalchev advocates for „realistic ethics” as a dynamic system of values, pertaining to all mankind.
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Asen Angelov
Assessment of the Expected Impact of the Structural Funds according to the HERMIN Model applied on the Labor Market
Summary:
The current research is focused on the problem of the impact of the Structural funds on the labor market I Bulgaria. The special attention is given to the future impact on the market and resulted market situation, based on the solutions of the problem for achieving more precisions prognosis of the upper impact. The prognoses trends of the HERMIN model are defined as cyclical functions of the time for more accurate description of the labor market changes – employed people, the population under labor active age and the people in pension too.
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Chad Van Schoelandt, Ivan Jankovic, Walter E. Block
Rejoinder on Free Will, Determinism, Libertarianism and Austrian Economics
Summary:
Block (2015) claimed that the free will position is correct, that of determinism incorrect, and that libertarianism and Austrian economics are compatible with the former but not the latter. Edelstein, Wenzel and Salcido (2016) criticized Block (2015) on the grounds that. The present paper is a rejoinder to EWS. It argues that determinism is incorrect; that free will is correct, and that freedom of will is important for both Austrian economics and libertarianism.
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Walter E. Block
Free Will, Determinism, Libertarianism and Austrian Economics
Summary:
This paper makes the claim that the free will position is correct, that of determinism incorrect, and that libertarianism and Austrian economics are compatible with the former but not the latter.