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  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.

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  The Bulgarian Higher Education and the Economic Determinants of XXI Century

  The present treatment goes into some of the main changes which occur in economy in the conditions of globalization and their influence over the system of higher education. The higher education is taken in as a complex which has the leading role for increasing the quality of human capital. Investigated problem is interpreted on two levels. In the ... The present treatment goes into some of the main changes which occur in economy in the conditions of globalization and their influence over the system of higher education. The higher education is taken in as a complex which has the leading role for increasing the quality of human capital. Investigated problem is interpreted on two levels. In the first place, object of analysis is the determinant function of the global changes in economy with regard to system of higher education. On the second place it studies the changes inside the system of higher education in the context of globalization.

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  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.