The goal of the rich countries should be to aid the poor countries to increase their standard of living but not to increase their holding of weapons. It is shown that a basic conflict of goals arises. The structure of "consumption" of the recipient countries cannot be influenced by giving the...

Governments have paid great attention to the results of happiness research. In many countries, the object of government policy is no longer taken to be development in terms of raising GNP. Their focus has shifted to a National Index of Happiness. This paper analyses whether such an aggregate...

A unique recent data set covering around 3,000 private art collections and collectors is used to identify their location and composition. The largest number of private collections is located in Europe, followed by North America and Asia. The largest number of private art collections is located...

How are political events reflected in financial asset prices? Break points in sovereign debt prices are analyzed for Denmark, Norway, Finland, Sweden, Germany and Belgium during 1930-1948, using unique data from the Stockholm Stock Exchange. Unlike in countries involved in WWII, this market was...