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This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be...
Persistent link: https://www.econbiz.de/10005126382
The transition from a planned to a market oriented economy requires a complex amalgam of stabilization, liberalization and privatization policies. This paper outlines a combination of policies believed to be necessary, if not sufficient to enlist the efficiency of market mechanisms along with a...
Persistent link: https://www.econbiz.de/10005062463
This paper examines the role of money in market and centrally planned economies. It then proposes a program and sequence of institutional, macroeconomic and monetary reform aimed at achieving a stable transition. An egalitarian redistribution of the state's custodial assets to its citizens is...
Persistent link: https://www.econbiz.de/10005407703
The Soviet Union and the nations of Eastern Europe are undergoing a historically unprecedented restructuring as they move inexorably from centrally planned economies toward market economies. This historic transition must be guided by a coherent set of stabilization policies to reduce the threat...
Persistent link: https://www.econbiz.de/10005118685
This paper examines the question of whether a communist nation, characterized by state ownership of the means of production and a centrally planned command system of allocation can be transformed into an efficient market oriented economy without fully compromising the socialist ideals of an...
Persistent link: https://www.econbiz.de/10005118763
productive are the main reasons for the existence of a poverty trap with a high population growth rate and little or no schooling …. Interventions such as taxes and subsidies can lead to sustained long-term economic growth, with fulltime schooling and a low … population growth rate, even without outside aid, if the child-raising costs are not too high and the educational process is at …
Persistent link: https://www.econbiz.de/10005561532
This paper analyzes patterns of foreign direct investment in India. We investigate how labor conflict, credit …
Persistent link: https://www.econbiz.de/10005124865
This essay attempt to summarise what is known about the mediterranean cities and their relationship to the so-called Global Cities, principally based on immaterial fluxes, which offer a growing centrality to cities networks and communication systems. A new dualism has sprung, global/local,...
Persistent link: https://www.econbiz.de/10005119032
about state capacity in Nigeria by taking stock of economic and governance issues. Using a simple growth model, we … illustrate the interrelationships between natural resources, corruption and economic growth in Nigeria. We proposed anti …
Persistent link: https://www.econbiz.de/10005076578
By the end of 1999 HIV/AIDS was present in at least 200 countries and approximately 34.3 million people were living with the disease, 5.3 million of whom had been infected in that year alone (WHO 2000). Approximately 21.8 million persons had died from AIDS by 2000 and countries where life...
Persistent link: https://www.econbiz.de/10005076926