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  The Rate of Time Preference: a Praxeological Oxymoron

  In ordinal utility analysis, one can but prefer or set aside. A person can choose option A or option B. Chalk or cheese, guns or butter. There cannot be any such thing as a rate at which a man engages in such activities. Cardinality cannot enter into the picture. No one prefers a given amount of chalk twice as much as cheese. This basic ... In ordinal utility analysis, one can but prefer or set aside. A person can choose option A or option B. Chalk or cheese, guns or butter. There cannot be any such thing as a rate at which a man engages in such activities. Cardinality cannot enter into the picture. No one prefers a given amount of chalk twice as much as cheese. This basic praxeological insight should not be lost sight of when we enter the more complex realm of time preference and interest rate determination. And yet, it commonly is. For we all speak of a “time preference rate.” This is an oxymoron and a praxeological monstrosity. The present paper is devoted to promoting clear thinking by attempting to purify economic language, so as to jettison the concept of a “time preference rate.”

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  Possibilities of Improving the Accounting of Provisions in Companies with Constuction Activity

  The article examined issues concerning the nature of the provision as a reporting category, the methodology for measuring the value of provisions and the improvement of their accounting. With specific examples of the practice are represented regulated in IAS 37 / AS 37 Provisions, Contingent Obligations and Contingent Assets cases of provisioning: ... The article examined issues concerning the nature of the provision as a reporting category, the methodology for measuring the value of provisions and the improvement of their accounting. With specific examples of the practice are represented regulated in IAS 37 / AS 37 Provisions, Contingent Obligations and Contingent Assets cases of provisioning: the removal of hidden defects (construction defects respectively), which of hidden becoming actually in the process of exploitation, environmental restoration; restructuring of the company. Proposed are three methods for determining the amount of the provision as the case of the accounting of the costs for provisions in companies with construction activity.

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  Support for the Small and Medium Business in the EU

  The purpose of the paper is to present at various national and European legislative and desirable instruments and initiatives aimed at supporting small and medium businesses. Subject of the study are small and medium-sized enterprises, European policy. The present design consists of three main modules: the first "Modern Policy in SMEs", the ... The purpose of the paper is to present at various national and European legislative and desirable instruments and initiatives aimed at supporting small and medium businesses. Subject of the study are small and medium-sized enterprises, European policy. The present design consists of three main modules: the first "Modern Policy in SMEs", the second module, "Entrepreneurship and public-private partnerships", the third module, "Support for EU businesses."