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  Knowledge-Based Economy – Driving Forces and Indicators

  The idea for replacement of capital by knowledge as the main source of progress provides ground for the idea of “knowledge-based economy”. This is an economic system in which knowledge appears to be a dominating resource in the same way as – in a former period of development – capital outweighed the land as a source of economic power during the ... The idea for replacement of capital by knowledge as the main source of progress provides ground for the idea of “knowledge-based economy”. This is an economic system in which knowledge appears to be a dominating resource in the same way as – in a former period of development – capital outweighed the land as a source of economic power during the shift from pre-industrial to industrial society. The paper outlines several groups of indicators that typically identify the degree of development of the knowledge-based economy: employment structure (relative shares of employed by economic sectors and sub-sectors, along with the change in these shares), education level (access to relevant professional and higher education; relative share of expenditures for education -general and vocational- in GDP), R&D (researchers by scientific areas; investments in R&D as % of GDP; structure of R&D funding, particularly the share of private funding), etc.

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  Free Will, Determinism, Libertarianism and Austrian Economics

  This paper makes the claim that the free will position is correct, that of determinism incorrect, and that libertarianism and Austrian economics are compatible with the former but not the latter.... This paper makes the claim that the free will position is correct, that of determinism incorrect, and that libertarianism and Austrian economics are compatible with the former but not the latter.

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  Economic Efficiency Due to Improvements in the Road Infrastructure of the Transport Corridors on the Territories of the Republic of Bulgaria

  In the present study economic efficiency for users of road infrastructure in its building in directions of the land trans European transport corridors in the territory of the country. For the purpose shall be calculated the potential savings in operating costs, by using the method of the scenarios. In the case of the first variant road ... In the present study economic efficiency for users of road infrastructure in its building in directions of the land trans European transport corridors in the territory of the country. For the purpose shall be calculated the potential savings in operating costs, by using the method of the scenarios. In the case of the first variant road infrastructure is in this condition, and in the second option, it is accepted that are already built priority projects for the construction of highways and speed roads. The main purpose of the study is to determine from a consumer point of view to which transport corridors it is economic priority to focus resources and efforts to build the road their infrastructure.