Economics is a science that can contribute substantial powerful and fresh insights! This book collects essays by leading academics that evaluate the scholarly importance of contemporary economic ideas and concepts, thus providing valuable knowledge about the present state of economics and its...

Introduction (Bruno S. Frey and Christoph A. Schaltegger) -- Christine Benesch recommends “Mostly Harmless Econometrics: An Empiricist's Companion” by Joshua D. Angrist and Jörn-Steffen Pischke (Christine Bensch) -- Matthias Benz recommends “The Political Economy of Government...

According to the Leviathan-Model, fiscal federalism is seen as a binding constraint on a revenue-maximizing government. The competitive pressure of fiscal federalism is supposed to reduce public sector size as compared to unitary states. However, empirical results concerning the Leviathan...