Corruption in [INS: E :INS] [DEL: e :DEL] conomic [INS: T :INS] [DEL: t :DEL] heory[LŠ1]

The[DEL: thesis’ :DEL] aim[INS: of the thesis :INS] [LŠ2] is to explain [INS: the problem of :INS]
[DEL: the :DEL] corruption [DEL: problem :DEL] [LŠ3] from the perspective of two different economic
theories and to provide [INS: a :INS] [DEL: the :DEL] theoretical solution suitable for both[INS:
?explanatory or :INS] [INS: ‘theories that will be explained? :INS] [DEL: explained :DEL] theories.
In the methodological [INS: section :INS] [DEL: part :DEL] , [INS: the focus is on (? :INS] [INS: )
:INS] [DEL: it is argued :DEL] why the argumentation is built on the principle of methodological
individualism followed by deductive analysis supported with evidence from[DEL: the :DEL] historical
examples. Corruption is introduced through the example of bribery.

In the theoretical [INS: section :INS] [DEL: part :DEL] , the author explains the historical
evolution of agency theory and rent-seeking. The author explains how both the agency theory and
rent-seeking understand the problem of corruption and the problems of suggested public policies
deduced from both theories. It is argued that while the agency theory lacks the concrete
explanation of institutional environment within which [INS: the :INS] corruption problem occurs,
rent-seeking[DEL: s :DEL] lacks the positive definition of rules determining how corruption should
be solved.

In the analytical [INS: section :INS] [DEL: part :DEL] , the author suggests the theoretical
framework connecting both the agency theory and rent-seeking [DEL: tog :DEL] [DEL: ether :DEL] .
The author explains that the suggested theoretical framework applied [INS: to :INS] [DEL: on :DEL]
historical examples implies that the system of creation of legal rules and the system of their
enforcement are crucial for [INS: the :INS] solution of [INS: the :INS] corruption problem in every
society. More precisely, it is argued that when the system of creation of legal rules is
subordinated to the citizens’ control and the independent judicial system is subject to
competition, the problem of corruption is not so [INS: prevalent :INS] [DEL: prevailing :DEL]
compared with [INS: non-democratic :INS] [DEL: dictatorial :DEL] states. [INS: The :INS] [DEL: C
:DEL] [INS: c :INS] onclusion summarizes and provides [INS: an :INS] explicit explanation of [INS:
the :INS] author’s contribution.

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 [LŠ1]Titles are often capitalized, but in general, one must always check with the university or
publisher´s style guide.


 [LŠ2]Avoid possessives “The thesis’ aim”. Noun phrases are more appropriate


 [LŠ3]The corruption problem sounds like a specific case rather than a whole phenomenon