We study how the prevailing internal organization of the family affected the initial design of pension systems. Our theoretical framework predicts that, in society with weak family ties, pensions systems were introduced to act as a safety net, while in societies with strong ties they replicate...

Es ist auffällig, dass viele Bürger mit den politischen Prozessen und ihren Ergebnissen immer weniger zufrieden sind. Sie fühlen sich von ihren Politikern nicht gut regiert und nicht adäquat repräsentiert. Parteien- und Politiker-Verdrossenheit sind weit verbreitet. Die Bürger äußern...

Troika economics has brought Greece to a serious depression at a zero lower bound, with near unlimited supply of labor and near unlimited demand for money. In this paper, it is argued that these circumstances dictate to Greece the implementation individually of a long-term self-financing...

The Woodlands (Texas) is one of the best examples of success in a public-private partnership between the US Department of Housing and Urban Development (HUD) and a private firm. Developed as a New Town by Mitchell Energy & Development Corporation, The Woodlands has flourished and created a...

Bu çalışma Minsky’nin ‘Finansal İstikrarsızlık Hipotezi’ne dayalı olarak kamu kesiminde finansal istikrarsızlığın ölçülmesini ele almaktadır. Bu çerçevede, 2000-2011 yıllarını kapsayan dönemde Türk kamu kesiminde Minskiyen anlamda bir finansal istikrarsızlığın var...

What is state capacity and how does it affect development? The concept of state capacity acquired centrality during the late seventies and eighties, sponsored by a rather compact set of scholarly works. It later permeated through several disciplines and has now earned a place within the many...

Indivisibilities are at the core of economic theory as rarely individuals can or want to limitlessly divide goods, inputs and activities, as well as related economic phenomena such as economies of scale, externalities and public goods. Indivisibilities help in explaining conflicts over social...

This paper shows the links between the epistemological debate in Economics and in Law. In an evolutionary perspective we note phases in which each discipline seems “pure doctrine” and others in which there is greater coherence between theoretical patterns and the real economic and legal...

This paper looks at the case of Pakistan’s decentralization reform of 2001– 09 and its impact on civil service management. A key point made in this paper is that the relationship between organizational change and civil service is, by no means, unidirectional. The issues are viewed in the...

Are there different determinants in the fight against corruption across developing countries? Why are some countries more effective at battling corruption than others? To investigate these concerns we examine the determinants of corruption-control throughout the conditional distribution of the...