New technology and improved access to the internet have led to a proliferation of information and new opportunities in the field of education. This working paper addresses the enormous impact information and communication technology has had on education and training as well as the benefits,...

In The Economics of Order and Disorder (1992), Jacques Lesourne reflects on the influence of what he calls "exceptional personalities". According to his description, such personalities are characterised by a devotion to their own specific objectives, an outstanding ability to judge the resources...

The ECB Working Paper Series seeks to disseminate economic research on issues that are relevant to the various tasks and functions of the ECB. The Series invites submissions of research work by ECB staff and visitors. Papers by researchers not affiliated with the ECB may also be considered for...