We rationalize several facts emerging from the recent empirical research on cooperatives owned by workers (workers’ firms, WF) as: the concern of WFs for employment; the interplay between membership and workplace safeguard within WFs; the different reaction to shocks between WFs and...

In this essay, we summarize the main features of Yunus' economic thought and discuss whether it is possible to conclude, as seems straightforward according to Yunus (1997), that microfinance is good for the poor and that it exemplifies a typical activity of social enterprise. To do this, we...

By starting from two recent books by Brookings, in this review we briefly argue for institutions: building processes aimed to provide rules, norms and standards for the collective governance of financial markets. Copyright Banca Monte dei Paschi di Siena SpA, 2004

Seeing network resources as a public good involves to mantain open and shared access to them for any user. Nevertheless, these conditions may be really difficult to achieve in presence of well-endowed users with heavy data flows. Our purpose here is to provide a two stage game form for managing...

In its present formulation the Human Development Index (HDI) is a measure of the well-being of nations considering two fixed reference values for each indicator, the so-called fixed goals of development, as normalization parameters. As is well known, the HDI is insensitive to the relative...

Feminist studies have developed several tools to assess the gender impact of public policy and, in particular, of public budgets. We introduce an innovative approach to gender auditing of public budgets inspired by the capability approach. On the one hand we expand the scope of assessing the...

In this note, we firstly discuss Chakravarty (2003) axiomatic foundation of the Generalized Human Development Index (GHDI) then we pro- pose a different set of axioms through which a class of Foster-Shorrocks-like Human Development Measures phases out. As we will argue, this class better deals...

Il concetto di poverta' e stato, negli ultimi anni, ampiamente dibattuto all'interno delle scienze sociali. La giungla terminologica e la polisemia di significati associati al termine hanno, tuttavia, alimentato piu' confusioni e dispute che agevolato la reale comprensione delle diverse radici...