Purpose – The purpose of this paper is to address the root causes of rising imbalances in the US economy. There is the view that the dominance of the liberal economic philosophy among the American decision makers and business elite resulted in marginalization of the role of the economic...

Purpose – The purpose of this paper is to devise a new index of wellbeing that includes social and political in addition to economic factors. The new index seeks to assess a country's underlying “enabling environment” – the extent to which individuals are able to live as each chooses....

Purpose – The socioeconomic as well as the political world has undergone significant changes, challenging the meaning and validity of economic and political paradigms. This treatise highlights that Eucken's paradigm of a “social market economy,” with its structural and regulating...

Purpose – The informal economy is more than the inverse of the formalised economy, but is a dynamic environment. It is less limited by legal rules, state control, bureaucracy or tax regulation. On the other hand the informal market is less visible than the regular economy. The purpose of this...

Purpose – This paper aims to evaluate critically the conventional binary hierarchical representation of the formal/informal economy dualism which reads informal employment as a residual and marginal sphere that has largely negative consequences for economic development and needs to be...

Purpose – The purpose of this paper is to explore the alleged link between institutional quality and economic performance in 27 Sub-Saharan Africa (SSA) countries during the period 1984-2003. Design/methodology/approach – Four institutions' quality indicators, namely government stability,...

Purpose – The purpose of this paper is to examine trends in gender inequalities in the Russian labour market between 1994 and 2001, the early period of the transition to the market economy from the old Soviet Union. Design/methodology/approach – The paper examines gender occupational...

Purpose – The greatest asset of US capitalism until recently has been a blend of pragmatism with a passion to create the best socio-economic system in the world. Today the USA is besieged by unprecedented budget deficit, public debt, financial crises, unemployment and rising...

Purpose – The vast cross-disciplinary literature exploring work quality and job satisfaction has linked worker experiences to many individual, organizational, and social outcomes, yet this research has largely failed to shed much light on why cross-national differences in worker satisfaction...

Purpose – The purpose of this paper is to investigate the role played by the geographic distance between the poor and non-poor in the local demand for income redistribution and, in particular, to provide an empirical test of the geographically limited altruism model proposed by Pauly,...