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2017 | 3 (17) | nr 3 | 151--154
Tytuł artykułu

Rejoinder to the Motivation of Business Leaders in Socialist and Marketbased Systems by Péter Mihályi

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EN
Abstrakty
EN
This rejoinder has the following two aims. First, Mihalyi's analysis is further developed and shown that, in spite of the common motivation across the two economic systems, the behaviour of business leaders can lead to divergent results. Namely, certain managerial decisions can create a disequilibrium mechanism leading to recessions. Second, the current state of macroeconomics is commented upon.(fragment of text)
Rocznik
Tom
Numer
Strony
151--154
Opis fizyczny
Twórcy
  • Wrocław University of Economics
Bibliografia
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  • Maziarz, M. (2017). The Reinhart-Rogoff controversy as an instance of the 'emerging contrary result'phenomenon. Journal of Economic Methodology, 1-13. doi: 10.1080/1350178X.2017.1302598.
  • Mihalyi, P. (2017). The motivation of business leaders in socialist and market-based systems, Economics and Business Review, 3(17).
  • Shin, J. Y., & Seo, J. (2011). Less pay and more sensitivity? Institutional investor heterogeneity and CEO pay. Journal of Management, 37(6), 1719-1746. doi: 10.1177/0149206310372412.
  • Soros, G. (1994). The alchemy of finance: Reading the mind of the market. New York, USA: John Wiley & Sons.
  • Stulz, R. M. (2010). Credit default swaps and the credit crisis. The Journal of Economic Perspectives, 24(1), 73-92.
  • Taleb, N. (2010). The black swan: the impact of the highly improbable. New York, USA: Random House.
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Bibliografia
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