A substantial literature claims that the strong increase in inequality over the last decade in countries such as the US would lead to a collapse of society. Fading hopes in the population seem to confirm this. The paper rejects this interpretation since the decline in hopes cannot be traced back...

The paper aims at a conceptual contribution to the normative economic analysis of rural de-velopment (RD) policies. RD is regarded as a problem of interaction between individuals; (lacking) structural change or the (missing) integration of externalities are therefore recon-structed as...

Dieses Interview wurde für eine Fachzeitschrift geführt, die sich primär an Lehrer wendet, welche in der Schule die Fächer „Politik“ oder „Wirtschaft“ unterrichten. Die Fragen und Antworten versuchen, verständlich werden zu lassen, wie wichtig es gerade für Schüler ist, die...

In a constantly changing economic environment a country's ability to undertake institutional reforms is crucial to maintain economic growth and to promote the welfare of its citizens. A wide range of determinants for institutional reforms have been identified. However, the impact of trust on...

Subject of this paper are the problems of trust in electronic commerce that have originated because of the falling apart of authenticity and identity of digital signatures. It is shown, that this problem of trust between unknown persons is one step ahead of the usual trader- or...