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Economic theory, economic policy and economic practice –(case of R. Macedonia)
(Faculty of Economics - Skopje, 2009)
In order to analyze the between the economic theory, economic policy and economic practice (economic life), we should “dig” deep, to reach the nature of the economic science and to give answers to the following questions: what is the significance of the economic theory, what is the role of the economic policy, why there are changes in the economic paradigms, what type of links exist between economic theory, economic policy and economic practice, is economic practice a slave of the economic theory etc. The research in this paper is focused on development of the relations between economic theory, economic policy and economic practice in the Republic of Macedonia – during two periods: the period when Macedonia was centrally-planned economy and the transition period. At the end we analyze the lacks and malfunctions in the relations between economic theory and economic policy in R. Macedonia, nowadays. Ke y words: economic theory, economic policy, economic practice, economic paradigms, financial crisis, transition, centrally-planned economy.
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Market economies in crisis – mayor shift in the dominant macroeconomic paradigms
(Konrad Adenauer Foundation and the Institute for "Democracy Societas Civilis, 2009)
The contemporary global economic crisis has "stirred the waters" and made many people wonder what it represents, where it came from and where it leads us. In this paper we are going deeper, analyzing the shift in the dominant economic paradigms as the cause for a global economic crisis that began in developed market economies. The global economic crisis has changed the balance between the two dominant macroeconomic conceptions - Keynesian and neo-liberal, and created a need for the reconstruction of the core of the contemporary economic science, policy and practice. In the fi rst part of the paper we analyze the relationship between economic theory, economic policy and economic practices in order to better understand the process of the changing balance between the dominant macroeconomic paradigms and the changes that are taking place in the economies affected by the crisis. The second part will explore the relation between the 1930s, 1970s and the contemporary economic crisis on the one hand, and the economic paradigms shift on the other. The third part of the paper will be focused on the neo-liberal economic paradigm which in the last two or three decades has dominated in economic theory, policy and practice and is one of the main causes for today's global economic crisis (starting from the concept and origins of neo-liberalism, its fundamentals, the Washington Consensus as a neo-liberal manifesto and the role of the neo-liberal conception in the fi nancial crisis that has shaken the world). At the end, appropriate attention will be devoted to shaping the relationship between the dominant economic paradigms under the impact of the contemporary economic crisis, its implications on the economic policy and practice, the future of the standard economic science and similar issues.
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Personal Inflation Calculator
(Center for Economic Analyses (CEA), 2009)
To avoid imprecision and to adjust the inflation to every individual's consumer basket, we created the personal inflation calculator. This calculator gives the opportunity to every person to calculate their personal inflation rate(adjusted to their consumer basket). The number is always significantly different from the average inflation rate given by the Statistical Office. That was the reason why Center for Economic Analyses made the PersonalInflation Calculator, which is available on the organization's web site. The Personal Inflation Calculator will solve the doubts of the Macedonian citizens about the influence of the inflation over their personal budgets.
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Analysis Of The Status And Structure Of The Consumption Of Students And Pensioners In Macedonia
(Center for Economic Analyses (CEA), 2009)
The study covers a sensitive topic concerning the living standard and quality of life of two social groups pensioners and students, presented through the structure of consumption and impact on it (particularly the impact of price change). It consists of four sections: introduction, sections for pensioners, sections for students and sections where the main findings are presented. Pensioners and students have a central place in this paper, therefore the analysis should determine: the structure of pensioners/students included in the analysis; the social status of the pensioners/students; the structure of the pensioners'/students' consumption and the reflection of the price change on the pensioners'/students' consumption. This study is meant to present the basis and impetus for further researches of the status, and the consumption of these social groups, as well as research of the factors that have direct impact on the consumption and on the quality of life of pensioners and students. This study reveals the most sensitive points (social status, structure of consumption, conditions etc.) concerning these social groups, and should be an alert for the creators of the economic and social policies in the country.

Faculty of Economics

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