Showing 1 - 10 of 10
Arrow's Theorem holds that no constitution can satisfy certain properties. In annex to that theorem, Arrow claims that those properties are reasonable and morally desirable. In his view there thus is the difficulty that people desire a constitution that cannot exist. While the Theorem stands as...
Persistent link: https://www.econbiz.de/10005062665
Asia and the Eastern European nations are in a state of economic turmoil. An important element for improvement is that … Western nations open their markets to more trade. This is in fact what the West could have done after the fall of the Berlin …. The basis conclusion is that sound economic advice is not listened to. The best advice on how to steer out of the current …
Persistent link: https://www.econbiz.de/10005408078
There is a general misconception on the impact of marginal tax rates. Following the hypothesis of optimising economic …
Persistent link: https://www.econbiz.de/10005408095
is economic growth by innovation. When the possibility of a free lunch is accepted, then we can discuss the labour market …
Persistent link: https://www.econbiz.de/10005556529
1930s with Germany. If trade were stimulated instead of hindered, Russia could regain economic and political stability by …
Persistent link: https://www.econbiz.de/10005556543
and economic theory itself, and allwith a distinct attention for unemployment. These authors agree on many points, but …
Persistent link: https://www.econbiz.de/10005556545
The economic record of this century may be judged with mixed feelings. Much has been achieved, but much has gone wrong … too. The bad part in the record has not not been caused by economic science but by economic policy making. The structure … of economic policy making gives too much room for political distortion. Since this problem is equal across nations and …
Persistent link: https://www.econbiz.de/10005556548
Some sectors of the economy are exposed to and some are sheltered from foreign competition. These sectors are likely to have a different composition of their labour force, notably regarding to the dependency on the minimum wage. If a national incomes policy does not respect these differences, a...
Persistent link: https://www.econbiz.de/10005119366
there is a novel analysis that means a breakthrough in economic theory. The present author is quite certain that the missing …
Persistent link: https://www.econbiz.de/10005119373
business economics and operations management and we now have a decade of booming stock markets. This paper tries to tackle that … improvement at the micro level - can be reconciled with stagnation at the macro economic level. …
Persistent link: https://www.econbiz.de/10005119413