The purpose of this paper is to delve into the deeper causes of the current crisis and its detailed manifestation in the case of the Greek economy. The major argument of the paper is that the root cause of the crisis is fundamentally identified in the declining profitability which past a point...

The rules of the Eurozone cause the euro to function as the gold standard. The US economy performs better in some respects, partly because of the advantages of fiat money. The treaty on the EMU has to be adapted in order not to become dependent upon current ad hoc measures, with the loss of...

The expected utility hypothesis is one of the building blocks of classical economic theory and founded on Savage's Sure-Thing Principle. It has been put forward, e.g. by situations such as the Allais and Ellsberg paradoxes, that real-life situations can violate Savage's Sure-Thing Principle and...

The paper critically appraises causality, susceptibility to innovation of budget deficit, domestic borrowing from banking system and foreign borrowing. Secondary data is used, which was taken from annual Economic Survey of Pakistan (various issues), and International Financial Statistics (2005)....

The article explores the problem of boudaries between economics and history. The richeness that derives by crossing the boundaries is explained with examples from the history of contemporary Italy.

If dryland legumes are to meet the expectations of reducing poverty and hunger in the semi-Arid Tropics, there will be need for a full understanding of their potential for diffusion and the barriers to adoption. We apply a program evaluation technique to data obtained from Tanzania to derive...

Given the fact that numerous challenges prohibit African immigrants from availing financial capital for the purpose of starting a business in South Africa, this paper sets out to investigate whether those that succeeded experienced a significant increment in their financial capital three or more...

Bei dem vorliegenden Artikel handelt es sich um eine Analyse des wissenschaftlichen Einflusses der deutschsprachigen Wirtschaftsforschungsinstitute hinsichtlich ihrer Working Paper und Policy Papers Series. Dazu wurden Statistiken über die Anzahl der Zitierungen der Veröffentlichungsreihen...

Enthralling experience of the newest format of cricket coupled with the possibility of making it to the prestigious Olympic spectacle, T20 cricket will be the most important cricket format in times to come. The findings of this paper confirmed that comparatively test cricket is boring to tag...

The 'Easterlin Paradox' holds that economic growth in nations does not buy greater happiness for the average citizen. This thesis was advanced in the 1970s on the basis of the then available data on happiness in nations. Later data have disproved most of the empirical claims behind the thesis,...