Economic Indefiniteness – the Phenomenon of Ambient Environment Cover Image

ИКОНОМИЧЕСКАТА НЕОПРЕДЕЛЕНОСТ - ФЕНОМЕНЪТ НА ВЪНШНАТА СРЕДА
Economic Indefiniteness – the Phenomenon of Ambient Environment

Author(s): Rumen Lazarov
Subject(s): Economy
Published by: Стопанска академия »Д. А. Ценов«

Summary/Abstract: The article makes an attempt at clarifying the understanding of economic indefiniteness. The aim is to critically analyse and compare the place this economic phenomenon occupies in the neoclassical and in the institutional analytical model as well. In this article there is theoretical argumentation of the necessity of introducing the institutional factor into the strongly formalised orthodox neoclassical model of analysis. It is our conclusion that in this circumstance neoclassical analysis will be able to produce objective results, on the basis of one will be capable of inducing the precise conclusions and making the correct decisions as regards economic activity on a micro-level.

  • Issue Year: 2004
  • Issue No: 03
  • Page Range: 52-66
  • Page Count: 15
  • Language: Bulgarian