Showing papers in "Economic Thought journal in 2006"
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TL;DR: In this paper, the 20th century gives us the worst inflation in human history and every country in the world is hit during that very period, and the reason for its existence is pointed out, as well as whether it is an inevitable phenomenon during the 21st century.
Abstract: The 20th century gives us the worst inflation in human history. Every country in the world is hit during that very period. The reason for its existence is pointed out, as well as whether it is an inevitable phenomenon during the 21st century. Exchange rates and inflation are investigated. Countries, which currency appreciates against the dollar during the century, are pointed out. The inflation during the period of the two world wars and after the fall of the socialism is analysed briefly. A conclusion is drawn that the inflation is not inevitable.
5 citations
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TL;DR: An attempt is made to assess the expenditure and transfers of Bulgarian emigration during the period after the last census in 2001 Estimates are compared to the official information from the Bulgarian National Bank as discussed by the authors.
Abstract: An attempt is made to assess the expenditure and transfers of Bulgarian emigration during the period after the last census in 2001 Estimates are compared to the official information from the Bulgarian National Bank The socio-demographic profile and the transfer behaviour of returning emigrants is revealed too Opportunities are sought to assess the impact of transfers on household incomes, as well as the ways of their using A representative inquiry among the Bulgarian households is conducted, as well as among their members, who had spent more than three months abroad
5 citations
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TL;DR: In this paper, an attempt is made for critical assessment of a fundamental category of the neoclassical economics by means of the contemporary institutional and evolutionary analysis The concept of the scarcity of the economic goods is critically analysed within evolutionary-biological, social and specific market's context.
Abstract: An attempt is made for critical assessment of a fundamental category of the neoclassical economics by means of the contemporary institutional and evolutionary analysis The concept of the scarcity of the economic goods is critically analysed within evolutionary-biological, social and specific market’s context In the conclusion the analysis proposes an optional answer for its specific presence in the neoclassical economics as well as for the absence of any institutional projection in the analysis of the same theoretical doctrine
3 citations
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TL;DR: In this article, the authors focus on the development of economic theory during the XX century and present some of the main steps and achievements of economic thought in the last century, while pointing out that there is a clear trend towards greater interaction and exchange of ideas between the main theoretical schools (orthodox, heterodox).
Abstract: The paper deals with the development of economic theory during the XX century. It aims to present some of the main steps and achievements of economic thought in the last century. Sharing the vision, that pluralism is the principal characteristics of the development of the XX century economic theory, the author successively analyses the orthodox and heterodox schools of thought. The focus is on the neoclassical school – a leading economic stream (the so-called Mainstream) in the XX century and undoubtedly so at the end of the century. The new accomplishments in methodology and theory (Microeconomics, Macroeconomics) within the boundaries of neoclassicism are being explored. From the heterodox schools of thought the author directs attention towards two of them – Institutionalism and Marxism. A number of questions in respect to Marxism and its destiny after the collapse of socialism are being raised. In the conclusion the author points out, that towards the end of the century there is a clear trend towards greater interaction and exchange of ideas between the main theoretical schools (orthodox, heterodox), which trend will influence the development of economic theory in the future.
3 citations
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TL;DR: In this article, the authors draw on the experience of Bulgaria in identifying the types and modus operandi of VAT frauds with a focus on the abuse of tax credits, and discuss possible solutions in the light of the international and domestic experience and the capacity of the tax administration.
Abstract: The paper draws on the experience of Bulgaria in identifying the types and modus operandi of VAT frauds with a focus on the abuse of tax credits. It analyses the elements of tax design, conductive to such abuses, and discusses possible solutions in the light of the international and domestic experience and the capacity of the tax administration. It offers a critical analysis of the Bulgarian anti-fraud device the VAT account, as well as the various alternative policy and administrative measures, proposed and applied as barriers to VAT abuse, including policy proposals in the domain of commercial registration and price controls on business transactions. The study concludes that possible solutions should be sought along the lines of optimising risk management techniques and especially the implementation of the principle of joint responsibility, rather than through tighter control at entry or on the conduct of business.
2 citations
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TL;DR: In this paper, an analytical review and an assessment of the design and functioning as of 2005 of the three basic targeted social support programmes: the guaranteed minimum income -GMI (monthly social benefit); the energy allowances and the targeted family benefits for children.
Abstract: This is an analytical review and an assessment of the design and functioning as of 2005 of the three basic targeted social support programmes: the guaranteed minimum income - GMI (monthly social benefit); the energy allowances and the targeted family benefits for children. The administrative costs, related to the implementation of the monthly social support programme are established, analysed and assessed.
1 citations
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TL;DR: In this paper, a review of the evolution of the neoclassical school is presented and a study on the emergence and development of modern macroeconomics is carried out, focusing on the newest trends in macro-economics from the last quarter of the 20th century.
Abstract: The article continues a publication with the same title and outlines the development of the economic theory during the 20th century. The review of the evolution of the neoclassical school ends with the study on the emergence and development of modern macroeconomics. Special attention is put on the newest trends in macroeconomics from the last quarter of the 20th century. The non-orthodox economic schools - institutionalism and marxism and their evolution during the century are studied. It is pointed out that although at the end of the century the pluralism of economic ideas is preserved, there is a clear trend of growing interaction and infiltration among the main theoretical schools, which will have an important influence on the nature of the economic theory in the future.
1 citations
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TL;DR: A typology of different theories and schools of political economy and a characterization of the present day mainstream neoclassical economics can be found in this article, with a focus on the theory of public choice as a new political economy.
Abstract: This paper examines the revival of political economy in various forms in the last few decades. The first part is dedicated to the evolution of the definition of the economic science to lay the foundation of a better understanding of the current use of the term "political economy". The second part sets out a typology of the different theories and schools of political economy and relates them to certain characterization of the present day mainstream neoclassical economics. The last part of the paper focuses on one of the latest developments, the theory of public choice as a "new political economy": methodology, analytical apparatus, major themes and findings.
1 citations
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TL;DR: Informatirn about a scientific conference held in Albena resort on 26-28 September 2006 as mentioned in this paper, which was held at the University of Wisconsin, Greenville, Wisconsin.
Abstract: SCIENTIFIC LIFE: Informatirn about a scientific conference held in Albena Resort on 26-28 September 2006.
1 citations
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TL;DR: The ideas of Ludwig von Mises for the development of the Austrian Economic School by N. Gerchev (iss. 4/2005), constructed as a critical analysis of positions and statements, presented in our study on the Austrian School as discussed by the authors.
Abstract: The article is an answer to the publication The Ideas of Ludwig von Mises for the Development of the Austrian Economic School by N. Gerchev (iss. 4/ 2005), constructed as a critical analysis of positions and statements, presented in our study on the Austrian School. An attitude has been taken about some issues of the Austrian economic theory, which are of a disputable nature. The principle position, which the discussion is based on, is the understanding of common tradition and relatively shaped specific "face" of the Austrian School.
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TL;DR: In this article, the authors made an attempt to find out the major types of potential strains in Bulgarian economy in the mid-term and set out some preferable options of macroeconomic policies.
Abstract: To formulate an overall vision of how to outline and work out adequate macroeconomic policies in perspective needs pinpointing the probable sources of economic tension as well as the respective areas of tension within the specific macroeconomic goals. There has been made an attempt in this paper to find out the major types of potential strains in Bulgarian economy in the mid-term and set out some preferable options of macroeconomic policies. The analytic study is aimed at standing up for the strategic principles of conducting macroeconomic management rather than constructing tactical ways for attaining some given short-term objectives. The whole analysis and the recommendations made are in the light of the liberal economic teaching and led especially by the belief that the key levers of macroeconomic policies are (without any claims about their hierarchical ranking) in the field of budget and monetary policy measures and on the other hand, within the scope of building of a functioning institutional environment of good quality.
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TL;DR: In this article, a transition from descriptive to normative economic theory is discussed, and an attempt is made to associate the results of theoretical analyses with economic reality in Bulgaria. But the transition is not described in detail.
Abstract: Conditions have been studied, that presume a change in the economic thought and a new explanation of observed economic realities. Emphasis is put on the transition from descriptive towards normative economic theory. An attempt is made to associate the results of theoretical analyses with economic realities in Bulgaria.
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TL;DR: In this paper, an attempt has been made to outline basic types of potential tensions in the Bulgarian economy in the mid-term perspective and to formulate recommended versions of macroeconomic policy.
Abstract: The development of an overall vision for making an adequate macroeconomic policy in perspective involves the localisation of possible sources of economic tension, as well as the relevant fields of tension in the context of the specific macroeconomic objectives. An attempt has been made to outline basic types of potential tensions in the Bulgarian economy in the mid-term perspective and to formulate recommended versions of macroeconomic policy. The analytical study is targeted at defending strategic principles of behaviour of the macroeconomic policy in contract to the construction of tactical practices for achieving given short-term objectives. The whole analysis and recommendations are in the spirit of the liberal economic doctrine and especially the understanding that the main macroeconomic policy instruments are (unpretending any hierarchic order) in the field of budgetary and monetary impacts and the development of a well-functioning institutional environment.
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TL;DR: The development of economic science before 1989 has been analyzed in this paper, including the influence of Western theories, and the change of paradigms after 1990 has been underlined; as well as new institutional structures; overcoming the international isolation of the Bulgarian economic thought.
Abstract: The development of economic science before 1989 has been analysed. The spectrum of research works between 1948 and 1989 has been outlined, including the influence of Western theories. The change of paradigms after 1990 has been underlined; as well as new institutional structures; overcoming the international isolation of the Bulgarian economic thought. The main thematic and theoretic and methodological issues of the economic thought have been pointed out, as well as opinions and academic debates on its further development.
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TL;DR: Laslo Csaba as mentioned in this paper, The New Political Economy of Emerging Europe. Budapest, Akademia Kiado, 2005, 359 n.p., p. 5.1.1
Abstract: REFERENCE to Laslo Csaba. The New Political Economy of Emerging Europe. Budapest, Akademia Kiado, 2005, 359 n.
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TL;DR: In this article, the state of economic thought in the contemporary world is presented in brief, as well as its prospects related to the development of science and technology, and with regard to the anniversary of the Economic Thought Journal it is pointed out: how the Journal started; its development, activities and impact on the economic society in Bulgaria; purposefulness and main themes of publications; reviews of authors and readers.
Abstract: The state of economic thought in the contemporary world is presented in brief, as well as its prospects related to the development of science and technology. With regard to the anniversary of the Economic Thought Journal it is pointed out: how the Journal started; its development, activities and impact on the economic society in Bulgaria; purposefulness and main themes of publications; reviews of authors and readers.
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TL;DR: In this article, an attempt to rationalise a fundamental category of modern neoclassical economics from a critical point of view using the tools of the modern institutional and evolutionary economic analysis is made.
Abstract: This is an attempt to rationalise a fundamental category of modern neoclassical economics from a critical point of view using the tools of the modern institutional and evolutionary economic analysis. The scarcity concept of economic goods has been critically analysed in an evolutionary and biological context, as well as in general social and specific market context. A possible answer regarding its specific presence in the neoclassical economics has been suggested, as well as with regard to the absence of institutional projection within the analysis of the same theoretical doctrine.