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  Operators in terms of crisis

  Financial crises are not a new phenomenon for monetary history. International statistics, however, that their manifestation is more frequent at the beginning of the 80-ies of the 20tn century. Shocks in the financial sector over the past two decades have their own distinctive characteristics. Liberalization and increased integration of financial ... Financial crises are not a new phenomenon for monetary history. International statistics, however, that their manifestation is more frequent at the beginning of the 80-ies of the 20tn century. Shocks in the financial sector over the past two decades have their own distinctive characteristics. Liberalization and increased integration of financial markets, introducing some new elements in the study of crises and their development begins to differ from the previous development. Consequence of liberalization and international integration of financial services markets in the rapid spread of the crises and its impact in international development.

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  The Antimathematicality of Demand Curves

  Mathematics has proven so helpful in the physical sciences such as physics that it has been improperly applied to economics. The dismal science studies purposeful human action, while purpose in the hard sciences is properly dismissed as anthropomorphic. The present paper takes the demand curve as a case in point. It demonstrates that this tool of ... Mathematics has proven so helpful in the physical sciences such as physics that it has been improperly applied to economics. The dismal science studies purposeful human action, while purpose in the hard sciences is properly dismissed as anthropomorphic. The present paper takes the demand curve as a case in point. It demonstrates that this tool of analysis is fundamentally flawed in that it violates its own economic assumption of ceteris paribus, and also the mathematical requirement that only the proper number of variables may vary along a given graph in two-dimensional space.

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  Human Action, Part Five, Chapter XXV. The Imaginary Construction of a Socialist Society

  When the social philosophers of the eighteenth century laid the foundations of praxeology and economics, they were confronted with an almost universally accepted and uncontested distinction between the petty selfish individuals and the state, the representative of the interests of the whole society.... When the social philosophers of the eighteenth century laid the foundations of praxeology and economics, they were confronted with an almost universally accepted and uncontested distinction between the petty selfish individuals and the state, the representative of the interests of the whole society.