It is becoming increasingly clear that the future of the world cannot be sustained without scientific support, analysis, prediction and the use of scientific achievement. The immensity of the problems confronting us, coupled with the limited financial resources available, urgently demand the...

A key feature of Soviet-type economies is the excessive concentration of production and the skewed size distribution of enterprises. This is the root cause of the `soft budget constraint' and a natural outcome of the political economy of these countries. Given entrenched political support for a...