"Specifics of therotecial ecomics in the conditions of 21st century"@en . "Specifika teoretick\u00E9 ekonomie 21. stolet\u00ED" . . . "economics"@en . "S" . "Specifika teoretick\u00E9 ekonomie 21. stolet\u00ED"@cs . . "Brno" . "Meluz\u00EDn, Tom\u00E1\u0161" . . "2"^^ . . . "The paper gives an account of a recent attempt to rebuild economics along the lines of increasing returns. The current orthodoxy is criticized for overemphasizing the role of decreasing returns. Under decreasing returns, exogenous shocks are easily absorbed by the system and economists equipped with sophisticated tools are able to predict the result. For the nowadays economists try to make." . . "2"^^ . "2007-09-12+02:00"^^ . "Specifics of therotecial ecomics in the conditions of 21st century"@en . "Specifika teoretick\u00E9 ekonomie 21. stolet\u00ED"@cs . "Vysok\u00E9 u\u010Den\u00ED technick\u00E9 v Brn\u011B. Fakulta podnikatelsk\u00E1" . "451529" . "The paper gives an account of a recent attempt to rebuild economics along the lines of increasing returns. The current orthodoxy is criticized for overemphasizing the role of decreasing returns. Under decreasing returns, exogenous shocks are easily absorbed by the system and economists equipped with sophisticated tools are able to predict the result. For the nowadays economists try to make correct picture of the modern world which is largely dominated by increasing returns. It is a typical, that mall events, however unimportant they may seem, are magnified by the positive feedback. The system is thus set on a path and cannot shake off its history. This casts serious doubts upon the ability of market forces to reach efficient solutions, as well as upon the laissez-faire policy recommendations."@en . "Specifika teoretick\u00E9 ekonomie 21. stolet\u00ED" . . . . "The paper gives an account of a recent attempt to rebuild economics along the lines of increasing returns. The current orthodoxy is criticized for overemphasizing the role of decreasing returns. Under decreasing returns, exogenous shocks are easily absorbed by the system and economists equipped with sophisticated tools are able to predict the result. For the nowadays economists try to make."@cs . . "BRNO, \u010CR" . "8"^^ . "1-8" . "Lu\u0148\u00E1\u010Dek, Ji\u0159\u00ED" . "RIV/00216305:26510/07:PU73566" . "RIV/00216305:26510/07:PU73566!RIV08-MSM-26510___" . . . "FESTIVE SCIENTIFIC CONFERENCE ON THE OCCASION OF 15TH ANNIVERSARY OF THE ESTABLISHMENT OF FACULTY OF BUSINESS AND MANAGEMENT BRNO UNIVERSITY OF TECHNOLOGY" . "978-80-214-3482-0" . . "[C5DEB5655771]" . "26510" .