The analysis of the standard balanced‐budget multiplier is based on the suppositions that the general price level and interest rates are fixed and that the equal changes in government expenditures and taxes are autonomous. However, no explicit assumption is made about the timing of the dynamic...

Considers the importance of private contributions to not‐for‐profit organizations (NPOs) in capitalistic welfare states but notes that the share of national income donated to NPOs is significantly lower in Israel than in the USA. Focuses on donations to NPOs in Israel and provides an...

Proposes and outlines a plan for the passage from the old state economy in Poland to a new most perfect regime of social markets based on conditions of general stable equilibrium conditions, something quite different from the prevailing capitalist markets in the West. Meanwhile the Polish...

During the 1950s and 1960s the Japanese government promoted industrial organization in the form of a “competitive oligopoly” and fostered the institutionalizing of the strong competitive investment‐drive among large‐scale enterprises which came to characterize her economy. Reviews the...

In the spring of 1990 the whole world was watching what was happening in Nicaragua. Free elections brought to a communist country a change of the political regime without violence. Dona Violeta Barrios de Chamorro was elected President and formed a new democratic government. Old and new...

Apartheid is identified as the outcome of a form of (cultural) protectionism. Understanding the protectionist nature of apartheid in the context of the use of state intervention to protect or promote an interest group, allows one to establish criticisms of this system based on a set of...

The conventional wisdom in economics is that resources are limited, wants are unlimited, and the business of the economist is to understand how limited resources are allocated to satisfy unlimited wants. Typically, poverty or unmet physical need is addressed apart from consumer behaviour. It was...

Discusses problems within the US economy, such as the decline of wages and standards of living, and the effect this has on the community. Examines the causes of structural change and trade deficits in an attempt to find the necessary policy measures. Considers certain problems which need to be...

The beliefs that Government interferes with individual freedom and that private and public goods are competitive appear to be the two major reasons for man′s aversion to paying taxes. In reality, however, especially from a socio‐economic viewpoint, government also increases individual...

Discusses James Buchanan′s contribution to the important topic of cost‐containment in the area of health care. Historical and ideational in its thrust, it seeks also to make a more general contribution by showing how the methodology of public choice can be applied to a specific issue in...