Der Titel dieses Vortrags suggeriert, daß es sich bei der Marxschen Theorie um eine in sich stimmige, ein für alle mal feststehende Theorie handle, und es nur noch darum gehen könne, sie in das Spektrum gegenwärtiger Wissenschaft einzuordnen, bzw. zu erörtern, inwieweit sie den Kriterien...

Recent government pronouncements in the UK and above all the recent Conservative Party (2008) policy document on welfare reform suggest that US welfare reform is increasingly being taken as a model for the UK. What lessons should the UK draw from US experience? The long established means tested...

All rulers face political competition, both from rivals within their state, andfrom other states to which their subjects may exit. In a simple model, both kinds of competitionare substitutes. Internal competition (democracy) benefits citizens by allowingthem to replace rent-seeking rulers. But...

This paper explores these issues further by reconsidering the link between democracy and health using panel data from a cross-section of countries. The data show a strong (conditional) correlation between life expectancy and democracy. This relationship is strongest for the decades of the 1960s...

An important literature has made a fundamental link between corporate governanceand corporate strategy. According to agency theory, assigning managersstock options aligns their interests with the interests of the owners of the firm.This paper suggests that this may not apply in the context of...

Recent advances in the economics of knowledge highlight the key role ofpecuniary knowledge externalities in explaining the system dynamics oftotal factor productivity growth. When non-exhaustible technologicalknowledge is an input both in the production of new goods and of furtherknowledge, and...

Endogenous growth models, such as Barro (1990), predict that governmentexpenditure and taxation will have both temporary and permanent effects on growth.We test this prediction using panels of annual and period-averaged data for OECDcountries during 1970-95, isolating long-run from short-run...

The growing relevance, scale, and complexity of Business Intelligence (BI) entails the need to findagile and efficient solutions for the coordination of maintenance and release processes – underconsideration of the heterogeneity of the involved units on the IT and the business side. The...

Demographic crisis and imprudent commitments have induced a crisis in publicpension programmes in OECD countries. Will present and prospective cutbacks leadto greater private saving, either in the form of private pension provision or in otherforms of saving? The paper surveys existing evidence,...