The dissertation tracks the media development and diversity policy positions of the SouthAfrican government with a particular focus on the establishment of the MediaDevelopment and Diversity Agency. It tracks the reasons for the reduction in theAgency’s funding and the curtailing of its...

It has been argued by some that the distinction between orthodox economics and heterodox economics does not fit the growing variety in economic theory, unified by a common methodological approach. On the other hand, it remains a central characteristic of heterodox economics that it does not...

The purpose of this thesis is to argue that the core of a monetary economy is a network of triangular contracts between banks, firms, workers and capital goods suppliers. Not only does this network give rise to the creation and valuation of money but it is the organising feature of modern...

This paper formalizes the price and asset allocation mechanism of multi-unit double auctions in Xetra, the electronic equity trading system operated by the German stock exchange. The trading principles are embedded into the classical theory of quantity rationing. The properties of Xetra auctions...

Transition from planned to a market economy is an evolutionary process. Evolutions do not have finite beginning and ending points. We may look to the beginning of transition in 1991 when the Soviet Union broke up, or we may see it as beginning earlier, when the Soviet Union began to allow its...

In the early 1990s, the United States began to run a significant trade deficit with China due to the dual forces of greater trade liberalization and China’s transition from a command economy towards a market economy. Proponents of free trade with China argue that greater integration will lead...

The purpose of this article is to briefly present the actions taken in Romania's economic transition from a centralized to a market economy and to explain why and where it went wrong. Wrong decisions taken in the transition process will be highlighted, while noting that measures to implement...

Key factors driving renewable energy demand are state and federal policies requiring the use of renewable feedstocks to produce energy (renewable portfolio standards) and liquid fuels (renewable fuel standards). However, over the next decade, the infrastructure for renewable energy supplies is...

The concept of trust has recently been rediscovered, especially in the fields of economic sociology and organization theory. Nevertheless, the actual functioning of trust in markets has only been understood incompletely up to now. As this paper argues, one reason for this is that...

The young market economies of the states in Central and Eastern Europe (CEE) are knocking at the door of the EuropeanUnion. This led public and economic discussion to a debate on the question, if, considering the relative economicunderdevelopment of the reform countries compared with the...