Work detail

Je důvěra v ekonomii opomíjená neprávem?

Author: Bc. Michal Lipták
Year: 2012 - summer
Leaders: Tomáš Janotík MSc.
Consultants:
Work type: Bachelors
Language: Slovak
Pages: 54
Awards and prizes:
Link:
Abstract: This thesis is seeking theoretical background as well as statistical evidence of
links between classical and institutional economy by connecting their typical
phenomena, specifically the notion of trust from the theory of transaction costs and
the notion of return velocity of money from the quantity theory of money. It proves,
that trust in the mainstream economy actually is omitted unjustly, for there is a
strong statistical correlation between trust and real, as well as nominal, outcome.
This conclusion is notable despite that there was not found any definite empirical
evidence that this correlation is caused by effect of trust on return velocity of money.
Furthermore, the thesis is attempting to find determinants affecting the level of trust
like ethnic and religious disunity of the nation, but attempts to find their effect have
failed.

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