Fragen und Probleme in Technikethik und Wirtschaftsethik sind bisher weitgehend getrennt voneinander behandelt worden, während sie in der Wirklichkeit keineswegs so isoliert auftreten. Gemeinsamkeiten und Unterschiede bzw. unterschiedliche Ansätze der Technikethik und Wirtschaftsethik werden...

This paper complements research on how love of wealth bears on key variables in a Ramsey-Cass-Koopmans growth framework. It is shown that for an optimum the social planner cannot have an excessive love of wealth. If the planner has the 'right' love of wealth an optimum exists and implies higher...

Most of the time the budget constraints in the socialist economies were harder than in developing countries and no less hard than in developed countries. The soft budget constraints (SBC) in socialist economies were not pervasive, as most authors believe, but selective, i.e. involved...

The paper discusses the case against a laissez faire approach to resource allocation and develops a model of supply bottlenecks. It argues that: (1) once budget constraints are hardened and credit markets begin to function appropriately, externalities associated with production bottlenecks and...

The paper characterizes the feasibility of economic transformation as requiring the simultaneous attainment of macroeconomic stability, political support, and adequate private investment. Macroeconomic stability is defined as fiscal balance; political feasibility is related to the income gains and...

In the open economy control conditions, the government's main concern should be ensurance of macroeconomic stabilization. One of real tools for achieving this goal is monetary and budgetary levers' combination, in which strong fiscal stimuls should be merged with monetary policy, although...

Objective – The objective of this paper is to unfold the nature of excessive behavior in the Islamic economics framework.Methodology/Technique – This is a library research based on the various studies that specifically discuss excessive behavior and Islamic consumer behavior. The study uses...

We extend the Institutional Possibility Frontier (IPF) — a theoretical framework depicting the institutional trade-offs between the dual costs of dictatorship and disorder (Djankov et al. 2003) — by incorporating the notion of subjective costs. The costs of institutional choice are not...

There has always been a debate on the roles of government and market for economic growth and development. Economic development encompasses more than just growth; it seeks the betterment of the standard of living and higher Human Development Index. There is no single strategy that would be...