English

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Institutional Roots of Economic Performance

This is a revi­ew artic­le of the newly publis­hed book "Law, Infor­mal Rules and Eco­no­mic Per­for­man­ce". The impor­tan­ce of the pro­blem area cove­red by the book and the ele­gan­ce and pre­ci­si­on with which it is ela­bo­ra­ted are par­ti­cu­lar­ly emp­ha­si­zed. Who­le­he­ar­te­dly endor­sed is Pro­fes­sor Pejovich's gene­ral stan­ce ela­bo­ra­ted in the book that the insti­tu­ti­ons are the cate­go­ry of ele­ments that has to be resor­ted to if deter­mi­nants and mec­ha­nisms of eco­no­mic deve­lop­ment are to be con­si­sten­tly and non-tau­to­lo­gi­cal­ly explained.

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Capitalism, Democracy and Intellectuals

Only the nai­ve would expect the tran­si­ti­on from a com­mu­nist to a capi­ta­list system in Ser­bia to deve­lop smo­ot­hly, wit­ho­ut ende­mic ail­ments and distor­ti­ons. The­se did appe­ar in all East-Euro­­pe­­an coun­tri­es and any expectations…

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Dream the Impossible: Eradicate EU Regulation!

The EU bure­a­u­cra­cy in Brus­sels is cle­ar­ly a pre­da­tor that can­not be tamed. Wit­ness tho­u­sands of har­mo­ni­zing regu­la­ti­ons. EU is sti­fling the fre­e­dom to cho­o­se in the area rich with hete­ro­ge­ne­o­us infor­mal rules. The…

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Europeans, not Americans, Should Try to Solve Kosovo Issue!

In the last cou­ple of weeks, the­re has been a lot of talk abo­ut Kosovo’s path to inde­pen­den­ce. Experts, poli­ti­ci­ans, aca­de­mics, and tho­se that live or have lived in the Koso­vo regi­on have been waging in to the deba­te. This issue has been wide­ly deba­ted, not just in Euro­pe, but also in the Uni­ted Sta­tes. Hen­ce, it is of cru­ci­al impor­tan­ce who in Was­hing­ton, DC public­ly or behind clo­sed doors gets an oppor­tu­ni­ty to spe­ak abo­ut such an issue. This city is a nest of poli­ti­cal power pla­yers. Beca­u­se many poli­ti­cal deci­si­ons are made here, all coun­tri­es have the­ir embas­si­es pre­sent. More­o­ver, what hap­pens in this city has an indi­spu­ta­ble influ­en­ce on deci­si­ons of the Uni­ted Nati­ons and NATO, which are of extre­me impor­tan­ce in sol­ving the Koso­vo issue.

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Environmentalism may destroy human lives!

Mining is not a modern inven­ti­on. Peo­ple have been doing it for cen­tu­ri­es. Nati­ons, vas­tly endo­wed with natu­ral reso­ur­ces, have been deple­ting gifts of natu­re wit­ho­ut excep­ti­on or hesi­ta­ti­on. Pro­gress in the mining industry…

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Serbia & Montenegro (1987–2007) — From Hope to Disaster

Ser­bia and Mon­te­ne­gro (as mem­ber sta­tes of Yugo­sla­via) were influ­en­ced in 80’ by col­lap­se of com­mu­nism in Rus­sia and Eastern Euro­pe. Ide­o­lo­gy of “brot­her­ho­od and uni­ty” during that peri­od quic­kly vanis­hed under the rising tide of nati­o­na­lism and xenop­ho­bia. Inste­ad of going into reforms of poli­ti­cal and eco­no­mi­cal system, the­se two repu­blics mana­ged to pre­ser­ve a muta­ti­on of pre-exi­sting com­mu­nist order.

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Why Modern Liberalism is in Retreat

Libe­ra­lism was once a radi­cal soci­al phi­lo­sop­hy beca­u­se it cham­pi­o­ned liber­ty, in par­ti­cu­lar, the right to indi­vi­du­al fre­e­dom in civil and eco­no­mic affa­irs. In time, howe­ver, the term “libe­ral” was hijac­ked by tho­se who…