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....

Brazil is playing an increasingly important role globally and thus getting attention from a wide set of observers and practitioners - from academics and policy makers to businesses. Nevertheless, its foreign policy continues to be pursued and implemented in a much insulated fashion, almost...

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...

The effect of the performance of the judicial system has been thrown into the limelight as the business sector has in various surveys pointed to its performance as being one of the main obstacles and disincentives to doing business in the Philippines. The channels through which judicial...