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19th Annual Conference on



October 21-22, 2016, University of National and Word Economy, Aula Magna


FIRST CALL 2016 (pdf)


with the support of

Center For Economic Theories and Economic Policies (www.economy.uni-sofia.bg) and the

French-German Center for Applied Research in Economics and Business

at Sofia University St. Kliment Ohridski




Over the last nineteenth years FEBA has organized a series of international annual conferences on current economic and/or business problems. As co-organizers were involved leading researchers working on economic, social and institutional problems of transition economies from the USA, Japan, Switzerland, Germany, Greece, France, Romania, Russia, Ukraine and others. The participation of young researchers and PhD students was especially encouraged by providing a special forum for them. All the research contributions have been published in the annual journal of the University or in special editions.



Dates: 21 - 22 October 2016

Venue: Aula Magna, University of National and World Economy - Sofia, Bulgaria


Organized by

Sofia University St Kliment Ohridski, Faculty of Economics and Business Administration

University of National and World Economy

Economic Research Institute at the Bulgarian Academy of Sciences




in partnership with:



Humboldt University - Berlin



Faculty of Management, Economics and Social Sciences, University of Cologne



Friedrich-Alexander-Universität Erlangen-Nürnberg, Chair of Business Administration (Industrial Management)



SRH-Hochschule - Berlin


University of Lille 1, France



EBC-Hochschule, Hamburg


The Sustainable Society


Club of Rome initiated in the early seventies a worldwide movement concentrating on sustainable use of resources. Very soon, it became clear, that issues of environmental sustainability go beyond environmental protection and sustainable use of resources and involve economic and social sustainability of human society. Environmental sustainability grew up involving economic and social aspects of sustainability and forming the concept of a sustainable society.


Sustainable human society is functioning in harmony with laws of nature. It is based on environmental, economic and social balances.


Sustainable society could be developed by an international science-based movement, bringing incentives for changes in human behavior norms, for a new conception of the world, for the need of sustainable social and economic development of human society, for a new social agreement.


Two universities: Sofia University in Bulgaria, Humboldt University in Berlin, Germany are initiating a movement of all people who accept the idea for creating a sustainable society and would like to be involved in its development. For coordinating the movement towards a sustainable society, 12.10.2012 in Aula Magna of Sofia University, Club of Sophia was founded.


Club of Sophia


Club of Sophia is a forum addressing those, who share a value system, based on harmony of society and nature, on balance of individual and common, on private and public, on efficiency and necessity.


A harmony of society and nature perception has deeper roots in ancient civilizations expressing their wisdom.


Goddess of wisdom Sophia is the Club of Sophia symbol.


Club of Sophia is for all people, who like to live in a wise society. Wise society is synergistically sustainable in its three aspects: ecological, economic and social.


We do not wait for the Prophet. The communicating, feeling and creating human society is the Prophet. We do not only recognize problems, we suggest solutions.


We promote an interdisciplinary movement towards a science of global sustainability – with a strong and efficient transfer to practical users.



World Forum for a Sustainable Society


WORLD FORUM FOR SUSTAINABLE SOCIETY is inviting scientists, researchers, educators and entrepreneurs to share ideas, theoretical developments and good practices in order to find ways of creating a sustainable society.


Financial and economic crises last years made clear, that sustainable social and economic development of human society requires basic changes in economic theory, human behavior norms and the value system of society.


Existing economic theory is basically build up on the dominance of the own utility principle. This is a necessary, but not sufficient condition for sustainable societies. For its sustainability, society needs a long term balance by adding the common utility principle based on the necessities of today and tomorrow. Balance of public and private utility allows harmony in a society for a longer period of time. This balance of contradictory complementarities is implemented already in the classical works of Adam Smith “The Wealth of Nations” and “The Theory of Moral Sentiments”. Unfortunately, most of the later developments in modern economic theory were concerned with the first reference, ignoring the second one. This brought essential distortions in human value system and behavior norms, being directed mainly towards a society of profit maximization and disregarding social issues.


Social aspects belong to every serious economic theory. The simple fact, that human beings are social beings has been recognized in ancient time by great philosophers like Aristotle but quite often disregarded. Ignorance of human beings social nature is a main reason for economic system misbalances and non sustainability like economic and financial crises with catastrophic implication for human society.


People have a common code, a common spiritual space. Common is more essential then particular. Society could exist without every of its individual members but not vice versa.


Currently, theoretical developments, mainly in Institutional Economics are concerned with rules and behavior norms in human society.


In the recent past, we were able to recognize tendencies like Good Corporate Governance, Corporate Social Responsibility, Social Entrepreneurship, approaching common values of human society.



English is the working language of the conference


Conference website: www.clubofsophia.org


SELECTED PAPERS will be published in a special volume by SPRINGER VERLAG (in English).


All articles handed in for publication have to meet the requirements (see PDF) by the editors and will be subject to review by international experts.


Organizing Committee


Prof. Dr. George CHOBANOV

Prof. Dr Dieter FLAEMIG

Prof. Dr. Joachim SCHWALBACH

Prof. Dr. Gernot GUTMANN

Prof. Dr. Kai-Ingo VOIGT

Prof. Dr. Corbett GAULDEN

Prof. Dr. Faridah DJELLAL

Prof. Dr. Bert EICHHORN




Prof. Dr. Henrik EGBERT

Prof. Dr. Ralph ANDEREGG

Prof. Dr. Hermann ALBECK

Prof. Dr. Juergen PLOEHN

Prof. Dr. Jean-Pierre GERN

Prof. Dr. Vladimir STANTCHEV

Prof. Dr. Albena VUTSOVA

Prof. Dr. Alexander NIKOLOV

Prof. Dr. Teodor SEDLARSKI

Prof. Dr. Jelio VLADIMIROV

Prof. Dr. Dimitar BIROV

Prof. Dr. Miroslava HRISTOVA

Prof. Dr. Yana TOPALOVA

Prof. Dr. Detelin ELENKOV

Prof. Dr. Ralitsa GANEVA

Prof. Dr. Petar CHOBANOV

Dr. Kaloyan GANEV