Dialog

More titles

• 

  Human Action, Part Four, Chapter XXII. The Nonhuman Original Factors of Production

  In the frame of Ricardian economics the idea of rent was an attempt at a treatment of those problems which modern economics approaches by means of marginal-utility analysis. Ricardo's theory appears rather unsatisfactory when judged from the point of view of present-day insight; there is no doubt that the method of the subjective-value theory is ... In the frame of Ricardian economics the idea of rent was an attempt at a treatment of those problems which modern economics approaches by means of marginal-utility analysis. Ricardo's theory appears rather unsatisfactory when judged from the point of view of present-day insight; there is no doubt that the method of the subjective-value theory is far superior. Yet the renown of the rent theory is well deserved; the care bestowed upon its initiation and perfection brought forth fine fruits. There is no reason for the history of economic thought to feel ashamed of the rent theory.

• 

  After War: the Political Economy of Exporting Democracy. By Christopher J. Coyne. Stanford, CA: Stanford University Press, 2008

  Can liberal democracy be exported at gunpoint? Are military occupation and reconstruction effective methods for establishing permanent liberal democracies? While many international relations scholars have utilized the tools of economics (such as game theory) to help answer these questions, few economists have systematically attempted to provide an ... Can liberal democracy be exported at gunpoint? Are military occupation and reconstruction effective methods for establishing permanent liberal democracies? While many international relations scholars have utilized the tools of economics (such as game theory) to help answer these questions, few economists have systematically attempted to provide an answer this question using both economic theory and history. Christopher Coyne’s After War fills in this gap and provides valuable insight into the problems the United States faces when trying to establish law and order by force in weak and failed states.

• 

  The Key Challenges of Knowledge-based Economy Facing Some Countries of the Balkan Region (Greece, Bulgaria, Turkey)

  This paper analyzes the progress of three Balkan countries – Greece, Bulgaria and Turkey, in building a knowledge-based economy. For this purpose we employ the Knowledge Assessment Methodology – KAM/ of the World Bank and, in particular, a system of indicators integrated into four supporting “pillars” – economic initiative and institutional ... This paper analyzes the progress of three Balkan countries – Greece, Bulgaria and Turkey, in building a knowledge-based economy. For this purpose we employ the Knowledge Assessment Methodology – KAM/ of the World Bank and, in particular, a system of indicators integrated into four supporting “pillars” – economic initiative and institutional environment, education, innovations, information and communication technologies. Based on that, we compare the accomplishments of the respective countries, uncover the common ground and the differences between them, outline their weaknesses and comparative advantages, high-light their particular problems and lay down their potentials. All of this in the long run is intended to outline the key challenges of knowledge-based economy facing each of the three countries and the Balkan region at large.