We define public administrations (PAs) as productive units, and analyze the recent trends in PAs' productivity applying Sylos Labini's productivity function model. At the microeconomic level, we propose a model of government action for the production of public goods. At the macroeconomic level,...

Steindl's work on stochastic processes aims to describe the economy as in a state of imbalance, due to the fact that its starting conditions are an accident of history, and nobody has a clue what tomorrow will bring. This does not mean that we cannot imagine a balanced distribution – when the...