This paper is the keynote speech delivered by Professor William Baumol at the First World Congress of Environmental Economists that was held in Venice on June 25-27, 1998. It analyses the situation of the environment under different economic regimes: the feudal society, Marxism and capitalism....

Does democracy promote economic development? This paper reviews recent attempts to address this question that exploited within-country variation. It shows that the answer is largely positive, but also depends on the details of democratic reforms. First, the sequence of economic vs political...

Charles L. Griswold Jr. (1999, 26) legt seiner bemerkenswerten Studie über den Beitrag von Adam Smith zur Aufklärung das nach seinen Worten auf Platon zurückgehende Interpretationsprinzip der "charity" zu Grunde, das bei aller Zeitbedingtheit und aller gedanklichen Weiterentwicklung im Laufe...

Two very different approaches are used to explore the relation between market orientation and gender wage differentials in international data. More market orientation might be related to gender wage gaps via its effects on competition in product and labor markets and the general absence of...

This study confines on the relevance of Islamic economy to global trade, investment and industry in Muslim Filipino areas. It is useful, valuable and a reference material in the formulation of economic policies, plan and strategies. Islam encourages legitimate economic activities. It condemns...

Investments in agricultural research and extension have consistently demonstrated high rates of return in Asia and the Pacific. However, the recent global food crisis exposed the vulnerability of food supply systems and reversed many past achievements in the fight against hunger and...