Keynes is back. President Obama's economic stimulus package is based on the premise that we can spend our way out of recession. It is an application of the Keynesian multiplier theory, which was expounded in Keynes' 1936 economic treatise, The General Theory of Employment, Interest and Money....

The Obama stimulus package has been less than a total success if one is to compare what was predicted to what has been delivered to date. The crux of the problem is that the economic planners have ignored or failed to take into account the secondary effects that increased government spending has...

Frédéric Bastiat (1801-1850) was a French thinker who did most of his writing in the last six years of his life. One of his major contributions to economic thought was his application of opportunity cost to a wide range of economic policies. The present paper uses the Bastiat approach to...

Frédéric Bastiat (1801-1850) is primarily known for his writings in economics, especially in the area of international trade. However, he worked as an accountant in his early years and some of his writings take an accounting approach. This paper will examine the influence of accounting on his...

Frederic Bastiat (1801-1850) was a journalist and economic theorist within the French liberal school. He is best known for his writings on free trade and protectionism. Although he has written several classic short treatises, his work has been ignored by most modern economists. This paper will...

This paper examines ethical opinion on bribe taking in four African countries – South Africa, Ghana, Ethiopia and Rwanda. Nineteen demographic variables (gender, age, marital status, etc.) are also examined. Although all countries expressed a strong opposition to bribe taking, opposition was...

This study examined Australian attitudes toward bribe taking, using the data from the World Values survey. Nineteen demographic variables (gender, age, marital status, etc.) were also examined to determine whether certain responses differed by category. The findings indicate that many of the...

This study examined attitudes toward bribe taking in four Muslim countries – Indonesia, Egypt, Iran and Iraq. Eighteen demographic variables were also examined (gender, age, marital status, etc.), and it was found that most mean scores between groups were significant

This paper presents the results of an empirical study of attitudes toward bribe taking in the largest economies on four continents – the USA, Brazil, Germany and China. The authors use the Human Beliefs and Values Survey data to examine several demographic variables, including gender, age,...

The General Welfare Clause of the United States Constitution grants authority to the federal government to expend funds that provide for the general welfare. If one were to apply utilitarian economic theory to the General Welfare Clause, one might reasonably conclude that the government only has...