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From Karl Menger to Charles Menger? How Austrian economics (hardly) spread in France

discussed as pure economics replaces political economy in the Interwar period, with the 1938 Paris Congress of “liberal thinkers,” as the Vienna Circle became known, also comparing issues in philosophy. The ... reason for such a situation? Criticisms of classical political economy have to be understood in their French context. In comparison to other countries, this paper details the case of France, besides

From Karl Menger to Charles Menger? How Austrian economics (hardly) spread in France

discussed as pure economics replaces political economy in the Interwar period, with the 1938 Paris Congress of “liberal thinkers,” as the Vienna Circle became known, also comparing issues in philosophy. The ... reason for such a situation? Criticisms of classical political economy have to be understood in their French context. In comparison to other countries, this paper details the case of France, besides

In the absence of private property rights: Political control and state corporatism during Putin's first tenure

for appropriate market infrastructure. This also implied that if Russia's political and economic system had more than one competing hierarchy, the objective of the elites would not have entailed long ... state involvement in Russia?s economy during the last century summarized in Table 1. In period 1 the otherwise revo2003). Recently emerged political party competition, which thrived under Putin?s

Central Asia — twenty-five years after the breakup of the USSR

Central Asia consists of five culturally and ethnically diverse countries that have followed different paths to political and economic transformation in the past 25 years since achieving independence ... adoption of a broad spectrum of economic, institutional and political reforms. The major obstacles to political reform and structural diversification in the five Central Asian economies are internal and

The Austrian school of economics in Russia: From criticism and rejection to absorption and adoption

Dissemination and adoption of Western economic ideas in Russia have never been a simple process, always bearing marks of the socio-political and ideological circumstances of the country and inner ... economists writing on the New Austrian school were interested either in the philosophy of Hayek (N. Makasheva (1989) ) or Mises-style political pamphlets and advice (B. Pinsker, L. Piyasheva), or both (R

The Austrian school of economics in Russia: From criticism and rejection to absorption and adoption

Dissemination and adoption of Western economic ideas in Russia have never been a simple process, always bearing marks of the socio-political and ideological circumstances of the country and inner ... either in the philosophy of Hayek (N. Makasheva (1989) ) or Mises-style political pamphlets and advice (B. Pinsker, L. Piyasheva), or both (R. Kapeliushnikov, Yu. Kochevrin, and A. Zaostrovtsev). We

Lessons in stabilization and prospects for growth: Russia's economic policy in 2016

Economic growth is a primary challenge of the political agenda of leading countries, including Russia. This study discusses existing hypotheses that are related to “secular stagnation” and the ... prevents “creative destruction” (political factors), and the irrelevance of the GDP measurement (statistical problems). Limits to growth contribute to a new global policy trend and the emerging of populism

The demand for defense spending in Russia: Economic and strategic determinants

military spending is determined by a cohort of economic, strategic and political factors. This paper estimates a demand function for Russian military expenditure for the period 1992–2015. The results ... ), such as the ideological and political leanings of the incumbent government, so that:  Security (S ) is a function of military expenditure (M ), i.e. the costs of resources needed in order to produce

The demand for defense spending in Russia: Economic and strategic determinants

military spending is determined by a cohort of economic, strategic and political factors. This paper estimates a demand function for Russian military expenditure for the period 1992–2015. The results ... factors (Z ), such as the ideological and?political?leanings?of?the?incumbent?government,?so?that:? Security (S ) is a function of military expenditure (M ), i.e. the costs of resources needed in order to

Towards a general theory of social and economic development: Evolution of coordination mechanisms

importance of ideology and the phenomenon of technical progress in the formation of institutions of economic and political competition that contributed to the creation of the welfare state. These changes and ... . In both cases, the introduction of institutions inadequate for the state of civic culture is caused by political factors. In the first scenario, we are dealing with the forceful deterioration in the

Can emerging markets be a source of global troubles again?

policies. Early policy correction can help to prevent a crisis and avoid its economic, social and political costs. If crisis cannot be avoided, the comprehensive anti-crisis package, including up-front ... global financial crises of 2008?2009, the consequences of the decline of oil and other commodity prices in 2014?2016, economic and financial troubles caused by violent conflicts and regional political

Küçük Devlet Dış Politikasında Zafiyet ve Dirençlilik: Ermenistan Örneği

political/military support. However, since such activities have not provided a grass-roots reconstruction and self-sufficiency, it is argued that Armenia is not likely to emulate the autonomous foreign ... bulan savlardır.42 İzleyen bölümlerde önce 41 Mark R. Brawley, Political Economy and Grand Strategy: A Neoclassical Realist View (Oxon: Routledge, 2010), 12-13. 42 Dolayısıyla, anılan teorinin bu hususta

Relative social inequality in the world: Rigidity against the economic growth, 1992–2016

of inequality in most groups, especially in the most developed countries, and in particular in the Anglo-Saxon ones. The distribution of key socioeconomic and even political indicators for clusters ... through Marxism seems to have long been an obstacle in the way of research, since the results of studies have often been used in political discourse. A few simple questions can be formulated regarding

Towards a general theory of social and economic development: Evolution of coordination mechanisms

importance of ideology and the phenomenon of technical progress in the formation of institutions of economic and political competition that contributed to the creation of the welfare state. These changes and ... . In both cases, the introduction of institutions inadequate for the state of civic culture is caused by political factors. In the first scenario, we are dealing with the forceful deterioration in the

Examining interrelation between global and national income inequalities

The last decade brought increasing attention to income and wealth inequalities in advanced economies because of their increase in several countries and negative social and political implications ... -market economies (EMEs). In the political economy and political science analyses, they have been seen as the factor which damages democracy (Muller, 1988) , leads to political instability (Alesina and

Examining interrelation between global and national income inequalities

The last decade brought increasing attention to income and wealth inequalities in advanced economies because of their increase in several countries and negative social and political implications ... -market economies (EMEs). In the political economy and political science analyses, they have been seen as the factor which damages democracy (Muller, 1988) , leads to political instability (Alesina and

Działalność wydawnicza i publikacje Towarzystwa im. Michajła Kaczkowskiego w latach 1875–1885 – ujęcie ogólne

different areas ofknowledge, popularised subject themes and encouraged further reading. At the beginning of the 1880s, domestic political struggle became inextricably connected with the political friction in

Działalność wydawnicza i publikacje Towarzystwa im. Michajła Kaczkowskiego w latach 1875–1885 – ujęcie ogólne

different areas ofknowledge, popularised subject themes and encouraged further reading. At the beginning of the 1880s, domestic political struggle became inextricably connected with the political friction in

Old wine and new bottles: A critical appraisal of the middle-income trap in BRICS countries

relation to macroeconomic stability. Similarly, we note that “quality” institutions are necessary, both political and economic, including (smaller) size of government and property rights. The “trap” as ... allocation (Acemoglu et al., 2005), there are specific institutions, political and economic, within such a country’s institutional system (Hartwell, 2013) . This is crucial, as different institutions have

Present at the confusion

article portrays in detail the extent of the economic — and political — dislocation of the Soviet Union in 1990, the acutely uncertain policy and legal environments in which enterprise managers and ... market operations. One result of that failure was the much-criticized Russian privatization program. The conclusion is that for political as much as economic reasons, the pace of enterprise reform adopted