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AN INTELLECTUAL HISTORY OF
RESOURCE-BASED INTERNATIONAL CURRENCY
The trend towards the imposition of fiat national and international money is accepted as natural and inevitable. Monetary history and the history of ideas, however, show that the counter-tendency - that of material (substance) money - has always existed. It has been supported by leading economists belonging to different and even opposing theoretical and ideological positions. Nominalism has never completely defeated substantialism.
The idea of resource-based international money (hereafter referred to as RBIC) emerged in the 1920s, initially as an extension of national projects. since then, it has followed a certain cyclical pattern, linked to wars and crises in the global monetary economy, to the exacerbation of resource problems, and to geopolitical confrontations.
Today things are no different. The issue of resources, international resource money
projects (without having been technically developed), are being launched in light of the processes of de-dollarization and the formation of multipolar monetary blocs, and as a response to climate and resource (strategic resource) constraints.
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LEO PASVOLSKY’S IDEAS AND ROLE BEFORE AND DURING WWII
IN THE FOUNDING OF THE INTERNATIONAL MONETARY FUND
The eightieth anniversary of the International Monetary Fund's
establishment during the Bretton Woods conference allows a reflection on the role
of Leo Pasvolsky in its creation. After the introduction, using historical and
epistemological methods, the article illuminates Pasvolsky's public image in its
second paragraph. The following paragraph deals with his life, works and main
ideas. The fourth paragraph focuses on Pasvolsky as a planner of the post-WWII
global order. Cordell Hull, the Secretary of State, entitled Leo Pasvolsky to
establish and supervise various divisions within the State Department from 1939
till the end of the war. The next paragraph focuses on Pasvolsky’s ideas for creating
an organization similar to the IMF in the 1930s and early 1940s. The conclusion
emphasizes that Pasvolsky regarded the establishment of the IMF, IBRD, and the
WTO as part of the UN organizations that aimed to keep the peace between the
belligerent countries in WWII.
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THE BULGARIAN ECONOMISTS ON THE COLLECTIVIZATION AND THE PLANNING IN THE AGRICULTURE DURING SOCIALISM (1945-1960)
This paper aims to present the leading ideas and debates among the renown Bulgarian economists on the collectivization of land and planning in agriculture after the WWII and during socialism (1945-1960). This process was in relation to the development of the socialist integration and the great transformation of the Central and Eastern European economies following the USSR experience, but having national specifics.
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INFLATION 2022 - CIRCUMSTANCES, CHALLENGES, IMPACT
SELECTED PAPERS
The ninth annual scientific conference of the Monetary and Economic Research Center (MRC) was held from the 18th to the 20th of September 2023 at the University of National and World Economy (UNWE) in Sofia, Bulgaria. The MRC Conference aims to bring together the international academic community, enable interactive discussions and other forms of interpersonal exchange of experience, and support the power of scientific research. ISBN: 978-619-92983-0-5
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ECONOMIC RELATIONSHIPS BETWEEN ATONIAN MONASTERIES AND BYZANTIUM EMPERORS: THE BEGINNING OF MODERN CORPORATE BUSINESS MODELS AND STRATEGIES
This article provides an analysis of the connections between monasteries and Byzantium emperors during the existence of the Byzantine Empire. It specifically focuses on how institutions the monasteries on Mount Athos interacted with the imperial authorities. The study investigates the methods through which these relationships were formed and explores their influence on the environment of that era. Also, the article draws an analogy between the business model used by the Athonian monasteries and modern corporations and shows that it has not changed regardless of the different social systems that humanity has passed through in the last thousand years.
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INFLATION 2022 - CIRCUMSTANCES, CHALLENGES, IMPACT
CONFERENCE PROCEEDINGS
The ninth annual scientific conference of the Monetary and Economic Research Center (MRC) was held from the 18th to the 20th of September 2023 at the University of National and World Economy (UNWE) in Sofia, Bulgaria.
ISBN: 978-619-90797-9-9
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ORDOLIBERALISM AND LIBERALISM IN THE POST-WAR CZECHOSLOVAKIA (1945–1948)
The paper deals with economic thought of almost forgotten Christian conservatives after the World War Two. Despite the all-embracing socialist ideas, these people were proposing non-socialistic post-war order based on private property, free enterprise and competition. Their proposals were in the sharp contrast to the leading idea of “socializing” or “economic” democracy and comprehensive economic planning. Their economic thought had elements of both classical liberalism and ordoliberalism. Despite their relatively good public recognition, political development of post-war Czechoslovakia did not allow them to change public opinion. One way or another, the proper interpretation of their work is still missing in the history of economic thought textbooks so we attempt to provide at least the overview of their ideas and thus also provide the basis for future research agenda.
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THE OWNERSHIP IN DIFFERENT SCHOOLS OF ECONOMIC THOUGHT. COMPARISONS AND AN ALTERNATIVE APPROACH
The paper aims to identify several major approaches used by various important schools toward the concept of ownership. And to find how they differ from each other and what benefits (and shortcomings) offer those differences to the analysis of the ownership/property. These comparisons are in order to launch an alternative approach toward the concept. The point is not to “improve” or to criticize, but to attempt to look on the category from an “outside” viewpoint.
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