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Is trust in economy neglected unjustly?
Lipták, Michal ; Janotík, Tomáš (advisor) ; Cahlík, Tomáš (referee)
This thesis is seeking theoretical background as well as statistical evidence of links between classical and institutional economy by connecting their typical phenomena, specifically the notion of trust from the theory of transaction costs and the notion of return velocity of money from the quantity theory of money. It proves, that trust in the mainstream economy actually is omitted unjustly, for there is a strong statistical correlation between trust and real, as well as nominal, outcome. This conclusion is notable despite that there was not found any definite empirical evidence that this correlation is caused by effect of trust on return velocity of money. Furthermore, the thesis is attempting to find determinants affecting the level of trust like ethnic and religious disunity of the nation, but attempts to find their effect have failed. Keywords: trust, institutional economy, classical economy, return velocity of money, tribes
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Is trust in economy neglected unjustly?
Lipták, Michal ; Janotík, Tomáš (advisor) ; Cahlík, Tomáš (referee)
This thesis is seeking theoretical background as well as statistical evidence of links between classical and institutional economy by connecting their typical phenomena, specifically the notion of trust from the theory of transaction costs and the notion of return velocity of money from the quantity theory of money. It proves, that trust in the mainstream economy actually is omitted unjustly, for there is a strong statistical correlation between trust and real, as well as nominal, outcome. This conclusion is notable despite that there was not found any definite empirical evidence that this correlation is caused by effect of trust on return velocity of money. Furthermore, the thesis is attempting to find determinants affecting the level of trust like ethnic and religious disunity of the nation, but attempts to find their effect have failed. Keywords: trust, institutional economy, classical economy, return velocity of money, tribes
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Postconflict reconstruction of Bosnia and Herzegovina (from the Perspective of Institutional Economy)
Šejdová, Kateřina ; Dubský, Zbyněk (advisor) ; Sršeň, Radim (referee)
This theses evaluates the postconflict reconstruction of Bosnia and Herzegovina from the perspective of institutional economy. The purpose od this theses is to answer the question whether it is possible to achieve the desired change in the reconstructed society by transplanting the institutional model. First chapter focuses on the studying of institutions, their importance for further development of the society and the possibilities of the institutional changes. Second chapter deals with the major moments in the development in post-war Bosnia and Herzegovina. Third chapter analyzes the success of postconflict reconstruction of Bosnia and Herzegovina and identifies the obstacles preventing the consociacional democracy from being succesfully transferred, provided that such model was supposed to be guarantee of the peaceful living in the multiethnical society in Bosnia and Herzegovina.
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Analysis of macroeconomic and institutional evolution in New Zealand and the Kingdom of Sweden
Gallo, Peter ; Mládek, Josef (advisor) ; Štěpánek, Pavel (referee)
The main objective of this thesis is macroeconomic and institutional comparison of New Zealand and the Kingdom of Sweden. These countries were forced to undergo radical institutional changes in the 80's and at the beginning of the 90's because of critical economic situation and because of unsustainable condition of their public finances. In the first chapter of my thesis I deal with the public finance theory, with acting of bureaucracy in public sector and with the institutional economy. In the second chapter I compare conditions before the reform, the reform steps in these countries, the evolution after the reform was done and their economic situation today.
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