An examination of how increased turnover among legislators in the fifty U.S. states affects fiscal policy and economic growth finds that it makes legislators short-sighted. Turnover increases the size of government by increasing the shares of both total spending and taxes in income. In...

This paper analyses whether large governments in Europe reflect efficient responses to a changing social and economic environment (‘welfare economic view’) as opposed to wasteful spending (‘public choice view’). To this end, the effect of government size on subjective well-being is...

Electric power is so vital to both our economic and personal wellbeing that the erstwhile state policy in most of the developing countries, including India, had vested the power industry in the hands of the state as a promotional agency for subsidized supply. However, with the onset of the...

We embed a stylized traffic model within a general equilibrium model in which labor supply is endogenous and income taxes are distortionary. Within this framework we derive simple rules for performing a cost-benefit analysis that can be applied knowing only the output of the traffic model and a...

Ten years after delegating the responsibility for school management and operation maintenance to local governments, the education funding system in Poland still faces open challenges of fundamental importance. Although the decentralisation of education is commonly considered a success, the...

The main issue of this article is to discuss the question of ‘precarity’ in the context of the theory of social quality (see Beck et al, 2001), with which to pave the way for developing further the theoretical foundation of precarity. Societal practice is the main challenge this concept...

Based on first-hand account, this paper offers evidence on price setting and price adjustment mechanisms that were illegally employed under the Soviet planning and rationing regime. The evidence is anecdotal, and is based on personal experience during the years 1960–1971 in the Republic of...

This short paper aims to find an empirical evidence that al Qaeda behaves as a contest organizer rewarding an indivisible prize – namely, official membership and economic rewards – to candidate extremists groups. Would-be terrorists must then compete with each other to prove their commitment...

Despite the noble concept of equity wherein every citizen has equal right to live a decent life irrespective of their socio-economic and regional/geographic characteristics, the phenomenon of inequality is persistent in everyday life of people especially those living in developing countries such...

The present paper is an attempt to examine the levels of deprivation of rural people in terms of their access to basic amenities like, housing, drinking water, sanitation etc. And also it evaluates the degree of relative disadvantage of rural people when compared with their urban counterparts....