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Theoretical basis of the Studies

The Studies are theoretically inspired by the ideas of:

  1. Austrian School of Economics (Karl Menger, Fon Misses, Hayek),
  2. The Theory of Property Rights (Steve Pejovich, Andrija Gams, etc.),
  3. The new institutional economics (Ronald Couse) and
  4. Ideas of monetarism (Milton Freedman).

Our starting point was the idea that economy can’t be explained only by economics. That is the reason for broader scientific basis of these studies and schools such as: Philosophy of the Open Society of Karl Poper, Theory of Public Choice (Biukanen), Psychological Theories of Management (A. Maslou), Theory of Chaos (Physical Steve Hopking), Research Methodology (Kun).

The intellectual bases of the studies are: Mega-trends of Development (G. Neisbit), Experiences from Transition (V. Klaus, J. Kornai, V. Boluerovic, Lj. Madzar); Understanding Life (F. Dostoevsky, H. Hesse, Ibn Kaldum); Art (Leonardo da Vinci); Laws (Valtazar Bogisic); Cultural Evolution (Malinowski).

Studies develop a new paradigm. This means that they develop a holistic approach (Einstein, Planck, Hopking) instead of a mechanistic one (Newton, Descartes). They also develop stohasticism and synergy instead of determinism, and instead of security, they develop risk! Instead of philosophy of closedness (Plato, Aristotle) they develop philosophy of openness (Poper).

 

Veselin Vukotic: Teorijske osnove crnogorske ekonomske skole