Dialog

More titles

• 

  Human Action, Part Five, Chapter XXV. The Impossibility of Economic Calculation under Socialism

  The director wants to build a house. Now, there are many methods that can be resorted to. Each of them offers, from the point of view of the director, certain advantages and disadvantages with regard to the utilization of the future building, and results in a different duration of the building's serviceableness; each of them requires other ... The director wants to build a house. Now, there are many methods that can be resorted to. Each of them offers, from the point of view of the director, certain advantages and disadvantages with regard to the utilization of the future building, and results in a different duration of the building's serviceableness; each of them requires other expenditures of building materials and labor and absorbs other periods of production. Which method should the director choose?

• 

  A Response to Brooks' Support of Demsetz on the Coase Theorem

  Coase (1960) claimed that in the zero costs world, it would not matter for the allocation of resources which of two disputants were awarded the relevant property rights. Block (1977) disputed this, on the ground that it assumed that both parties would have the wherewithal with which to make the relevant bribe. Demsetz (1977) maintained that Block ... Coase (1960) claimed that in the zero costs world, it would not matter for the allocation of resources which of two disputants were awarded the relevant property rights. Block (1977) disputed this, on the ground that it assumed that both parties would have the wherewithal with which to make the relevant bribe. Demsetz (1977) maintained that Block (1977) failed to reckon with Coase‘s (1960) explicit assumption of no wealth effects. Block (1995) disputed this claim of Demsetz‘s (1977), claiming the Coase (1960) anticipated no such thing. The next round in this debate was Demsetz (1997) who reiterated his position, followed by Block (2000) in a response to Demsetz (1997). Brook (2007) mostly takes Demsetz‘s (1977, 1997) side of this ongoing discussion. The present paper is a rejoinder to Brook (2007), supporting Block (1997, 1995, 2000).

• 

  Problems in defining the nature and framework of public-private partnership in Bulgaria

  Public-private partnerships (PPP) are part of the general change in the activities of the local authorities in their research for new forms of municipal management. An undeniable fact is that the last few decades have been accompanied by the strengthening of this partnership in countries transforming from planned to market oriented economies. The ... Public-private partnerships (PPP) are part of the general change in the activities of the local authorities in their research for new forms of municipal management. An undeniable fact is that the last few decades have been accompanied by the strengthening of this partnership in countries transforming from planned to market oriented economies. The article examines the opinions of both individual authors and institutions, exploring the nature and the legal framework of the PPP. The result is that there has not been made a single opinion on the matter. They are all seeking a summary, starting from the agreed views in the documents of the European Union. However, there is a problem that they are not sufficient for full implementation of PPP schemes, because of the national laws of member states, including Bulgaria, and the sovereign right of each country to regulate the issues, regarding these partnerships independently.