Articles

• Kamen Mirkovich — University of National and World Economy

  Surplus Product, Surplus Utility and Surplus Value in the Relative Theory of Utility and Value

  Abstract ▾ PDF

  An attempt is made to deduce definitions about terms "surplus product", "surplus utility" (this term is introduced for the first time here) and "surplus value" in microeconomics with the help of the relative theory of utility and value, which basic concepts were developed by the author in his previous articles. The main objective is to prove that these concepts exist in the economic reality and are absolutely compatible with the modern economic theory (economics) and that is why they should be included in it. Marx theory of surplus product and surplus value is only a special case of the thesis justified in the article. By means of this thesis it is possible to define such terms as "marginal surplus product", "marginal surplus utility" and "marginal surplus value".

• Rumen Popov — Institute of Agrarian Economics

  Bulgarian Agriculture in the EU - Development Opportunities and Limitations

  Abstract ▾ PDF

  Opportunities and challenges to Bulgarian agriculture after the EU accession, resulting from the common terms of membership and expected development of the Common Agricultural Policy (CAP), are examined. Conclusions are made on this basis conerning the agricultural policy in Bulgaria immediately before and after the membership date. Long- and medium-term aspects of agricultural development are analysed from the point of view of globalisation processes of the world economy, forecasts about the demand for food products for a 30-year period and the developing model of European agriculture.

• Emil Panushev — Varna Free University "Chernorizets Hrabar"

  The Regional Character of Financial Crises

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  Globalisation and regionalism in the world economy and changes in the functioning of the world financial system caused regional financial crises in the 1990s. The possibility for their spreading, which provoked a search for a model of a new financial architecture and an analysis of the causes for financial crises, is studied, as well as their impact on other regions and countries. Upon studying the development of regional integration, methods for evaluation, forecasting and possible prevention of consequences of these crises are sought, especially for countries striving for accessing integration communities, mostly the European Union.

• Sinisa Zaric — University of Belgrade

  The End of Autistic Economics: Evaluation of Institutional Economic Theory

  Abstract ▾ PDF

  Emphasis is put on self-criticism that has been developing in the field of economic theory for the last decade. Three issues are analysed in order to answer the question "Has the economic theory made any progress?" - development of orthodox economic thought; evolution of non-orthodox schools and trends; emerging of the new institutional theory. The latter is defined as a valuable achievement in the development of theoretical economic thought with specific strong opportunities for solving problems of the transition economy.

• Nikolay Gerchev — Ichec Brussels Management School

  ИДЕИТЕ НА ЛУДВИГ ФОН МИЗЕС ЗА РАЗВИТИЕТО НА АВСТРИЙСКАТА ИКОНОМИЧЕСКА ШКОЛА

  Abstract ▾ PDF

  Изложена е спецификата на теорията на стойността на Мизес, като особено внимание е обърнато на разликите с концепцията за стойността на по-ранните австрийски икономисти. В тази светлина е извлечена и значимостта на проблемите на икономическото пресмятане. Теорията за интервенционизма, която Мизес развива, е представена по- детайлизирано. Подчертано е основното му заключение, че интервен- ционизмът не е икономическа система, която позволява на хората да постигнат своите цели. Специално внимание е отделено на характера на икономическите закони. Във връзка с това е направен критичен анализ на редица твърдения в книгата на Стефка Коева (Австрийската икономическа школа: отличителни черти и индивидуални постижения. Варна, Стено, 2003).