The oscillations in the general views on the prospects for the future, alternating between the despair of imminent and inevitable doom and the euphoria of an impending new millenium, have a remarkable regularity about them, perhaps matching that of the long business cycle. The nineteenth century...

Klimakatastrophe, Wirtschafts- und Finanzkrise, Ausplünderung der Erde und geistige Orientierungslosigkeit- wir können diese globalen Brennpunkte nur angehen, wenn wir sie als Symptome einer umfassenderen, epochalen Bewusstseinskrise erkennen. Geseko v. Lüpke präsentiert Analysen und...

We present a model of the labor market with asymmetric information in which the equilibrium of the' market generates unemployment and job queues so that wages may serve as an effective screening device. This happens because more productive workers -- within any group of individuals with a given...

This paper explores the implications for less developed countries the hypothesis that workers' productivity depends on the wages they receive. In particular, we show that this hypothesis may explain the high urban wages and unemployment found in many such countries. The market equilibrium is...

This paper explores the implications for less developed countries the hypothesis that workers' productivity depends on the wages they receive. In particular, we show that this hypothesis may explain the high urban wages and unemployment found in many such countries. The market equilibrium is...