The article examines cognitive aspects of the transaction cost concept from the perspective of the new institutional economics. In the theoretical framework of Oliver E. Williamson non-zero transaction costs can be best ...

This article examines the theoretical arguments in D. North’s theory of institutional change for why effective social rules and norms do not always succeed to replace economically inexpedient ones. An institutional development ...

В тази статия е направен опит да се обобщят основните социоикономически тези в книгата на Карл Полани „Великата трансформация”, сравнително слабо позната в средите на икономистите у нас. Предлагайки алтернатива на Марксовия ...

An Institutional Evolution of Societies towards Open Access and Market Exchange? Teodor Sedlarski This article investigates the analytical line of reasoning in D. North’s, J. Wallis’ and B. Weingast’s research project ...

This article explores the theoretical relationship between economic growth and transaction costs, including the historical background of the discussion. Causes and implications of the rapid enlargement of the Bulgarian ...