Dialog

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  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).

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  “The Crisis – an Objective Process or a Subjective Error” (Traditional Student Essay Competition)

  Initiated by the Department of Management, Tsenov Academy of Economics, Faculty of Management and the Students’ Union, the traditional student essay competition was held for the sixth successive year. The topic was “The CRISIS – AN OBJECTIVE PROCESS OR A SUBJECTIVE ERROR.”... Initiated by the Department of Management, Tsenov Academy of Economics, Faculty of Management and the Students’ Union, the traditional student essay competition was held for the sixth successive year. The topic was “The CRISIS – AN OBJECTIVE PROCESS OR A SUBJECTIVE ERROR.”

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  Democracy in the Writings of Venelin Ganev

  Venelin Ganev’s publications from the beginning of the last century view the requirements to the subjects of the government process for democracy when participating in it. In the mid 40s he presents his complete view of democracy. It is defined as a form of state structure and state government.... Venelin Ganev’s publications from the beginning of the last century view the requirements to the subjects of the government process for democracy when participating in it. In the mid 40s he presents his complete view of democracy. It is defined as a form of state structure and state government.