This paper responds to the development policy debate involving the World Bank and the IMF on the use of fiscal policy not only for economic stabilization but also to promote economic growth and increase per capita income. A key issue in this debate relates to the effect of the composition of...

The Greek parliamentary elections in January .2015 led to a foreseeable change in government. The coalition government between the conservative Nea Dimokratia and of the socialist PASOK, become replaced. by a coalition government between the left wing coalition party SYRIZA and the extreme...

Troika economics has brought Greece to a serious depression at a zero lower bound, with near unlimited supply of labor and near unlimited demand for money. In this paper, it is argued that these circumstances dictate to Greece the implementation individually of a long-term self-financing...

The concept of ‘mode of coordination’ captures the way economy is embedded in social relationships and influences the integration of society through an ‘instituted process.’ Three main typical or ideal modes of coordination have been identified in the literature, namely the market, the...

Economic behavior in the study of Islamic economics is the basis for the government to portray political ethics and ethical economic functions of individuals in functioning as a member of society. Secular ethics and religious ethics, according to al-Mawardi, as the code of conduct in conducting...

The rise of the extreme poles in the European political Spectrum, corresponds currently with a clear call for help by the site of simple People, combined with the desire for a serious confrontation with the tragic impasse reproduced by the extreme Problems of the everyday live . In this case,...

This paper argues in an Austrian-Business Cycle's perspective that all the conditions are met again to have new crisis. The Federal Bank treats, always, a crisis of liquidity excess by low interest rate, i.e. "cheap money policy". When Federal Bank will have to rise its rates, the crisis will...

The development of the vocational training policy constitutes one of the most interesting examples of a policy which was introduced entirely due to the pressure exercised by the E.U., but it was implemented in such a way that it served the domestic political economy. The seven laws and the...

The economic (debt) crisis has become serious in the EU and in the Eurozone especially in the last few months. The European Financial Stability Facility (EFSF) was created as an instrument to handle this situation. But the financial contributions of the EU Member States seem not to be enough and...

Most countries especially the developing ones around the world are facing external as well as internal pressures to decentralize and are actually becoming part of the trend which if not universal is nonetheless the dominant trend. General causes include systemic forces like democratization and...