There is a widespread perception around the world that the Washington Consensus is dead. In contrast to the world tide prior to the global financial crisis of 2008, this paper aims to demonstrate that the conditionalities inspired by the Washington Consensus and imposed by the international...

In the 1790s the radical thinkers Tom Paine and Thomas Spence were among the first to advocate the payment of a Basic Income as a right to all citizens. In this paper we outline Paine’s position, as set out in The Rights of Man (1791-1792) and in Agrarian Justice (1795), and compare it with...

The "Discouraged-Business-Major" hypothesis is the phenomenon where students who are screened out of the business curriculum often make an economics major their alternative choice. The paper explains how the discouraged business majors were identified from those economics majors in the...

This paper evaluates the effectiveness of concept maps as a teaching and learning tool in Principles of Microeconomics lectures and tutorials in two different countries, Australia and USA. While Australian students found concept mapping as a tool for understanding concepts in economics, they did...

The collapse of the centrally administered economies gave rise to a transition process towards economic systems based on market relations. Nevertheless, the transition process is not restricted to the economic field. The political and ideological aspects of the transformation are fundamental. As...

A political economy approach to the neoclassical gradualist model of transition requires the exposition of what I define the primary elements of the model, which are economic analysis, definition of a good society, speed, political structure, ideological structure and whether the initial...