In recent years, institutional and evolutionary economists have become increasingly aware that ideas play an important role in economic development. In the current literature, the problem is usually elaborated upon in purely theoretical terms. In the present paper it is argued that ideas are...

Dieser Beitrag prüft (1) Hayeks Behauptung, daß abstrakte Verhaltensregeln und Eigentum die einzige Lösung für das Problem darstellen, individuelle Freiheit mit konfliktfreiem Handeln zu versöhnen. Er zeigt (2), daß der von Hayek vorgeschlagene Test der Verträglichkeit auf das...

Most problems related to biodiversity management have an ecological as well as a socio-economic dimension. Consequently, there has been a growing recognition that adequate management recommendations directed at such problems can only be developed if knowledge from ecology, economics and various...

In dem so geschichtsträchtigen Jahr 1848 erschienen John Stuart Mills 'Principles of Political Economy - with Some of Their Applications to Social Philosophy'. Die 150. Wiederkehr dieses Ereignisses von nachhaltigem Einfluß auf das ökonomische, ja auf das gesellschaftspolitische Denken in...

This paper presents evidence that the spread between the marginal product of capital and the return on financial assets is mich higher in poor than in rich countries. A model with costly intermediation is developed. In this economy, individuals choose at each instant whether to work or to...

[Introduction] The fundamental development challenge in the Arab region is one of economic transformation or, more pertinent, a lack thereof. Heavy sectoral weights of extractive industries lead to dependence on global oil prices, even in oil-producing countries. The structure of production...

[Introduction] We live in a time of transformational change, with society, economy, ecology and politics in a state of flux the world over. Of particular focus in this Working Paper are the implications for mineral-dependent economies of living in an increasingly resource-constrained world. Both...

The economic profiles of southern Mediterranean countries (SMCs) bear some resemblance to those of south-eastern European countries and some former Soviet republics at the beginning of their economic transition in 1990. The SMCs resemble less the former communist countries that joined the...