We argue that competition in higher education improves efficiency only if a number of restrictive conditions are fulfilled. We expose their restrictiveness, and we argue that such conditions are unlikely to be fulfilled in Germany or elsewhere in mainland Europe. We believe that claims that...

The book reviews monetary applications of overlapping gene- rations models and models with cash-in-advance constraints. It focuses on the implications for monetary economics. It tries to make sense of the available indeterminancy propositions. They are the most puzzling property of OGMs. The...

We argue that competition in higher education improves efficiency only if a number of restrictive conditions are fulfilled. We expose their restrictiveness, and we argue that such conditions are unlikely to be fulfilled in Germany or elsewhere in mainland Europe. We believe that claims that...

Dieser Aufsatz argumentiert, dass die deutsche EE-Förderung auf einer falschen Konzeption beruht. Sie hat sich vorwiegend befehlswirtschaftlicher Methoden bedient und eine Staatsschuldillusion zu erzeugen versucht. Es verwundert infolgedessen nicht, dass enorme Kosten entstanden sind,...