Despite the growing public debate on fiscal surprise during election periods in jurisdictions where the democratic dispensation is young, comprehensive empirical works to this effect in the case of Africa are hard to find. This study, therefore, sought to contribute to the debate on two counts....

We present an analytical approach to institutional analysis that draws inspiration from control process engineering in the physical sciences. We characterize smart institutions as having three foundational features. First, smart institutions are context sensitive and expressly allow for a...

This article aims to explain the idea of X-efficiency, which indicates the difference between potential and actual output. If any business subject produces below its own potentials, it can be considered X-inefficient. To determine whether X-inefficiency in Croatian companies exists, how large it...

Agriculture and food systems must provide nutrition and agricultural products for nearly 10 billion people by 2050. Agriculture is a powerful economic driver, and by prioritizing agricultural productivity and innovation, food systems can become more resilient and improve the wider economy while...

Does exposure to violence create more politically engaged citizens? In a PNAS paper, Barceló (2021) asks this provocative question and proposes an intricate and original socio-psychological theory to answer it. Barceló also employs a research design that seeks to account for reverse causality...

This paper offers a framework for understanding the origin of market-preserving government. The paper shows that when parties in a Hobbesian society end in an arms race rather than war, they can create a market-preserving government to maintain the no-war equilibrium at lower cost. The...

Industrial Revolution 4.0, with its emphasis on smart manufacturing, has a profound impact on traditional employment. This study aims to examine changes in firms employment decisions in the context of Industry 4.0, shedding light on the conflict between liberalism's market mechanisms and...

Classical liberals have been more preoccupied by domestic policy and institutions than by international affairs. This paper makes the case for a classical liberal foreign policy outlook that could address the collective challenges facing free societies. In the United States, libertarian foreign...