Mass privatization offers a particularly suitable framework to study the change in ownership concentration as the extent of change is unusual for a stable market economy. Focusing on two different mass privatization schemes in two transition economies, Poland and the Czech Republic, we find that...

A major concern in Western Europe and especially in Germany is that with the EU eastern enlargement inflows of workers occur, which will be net beneficiaries of the domestic social security systems. We introduce a model and present evidence by comparing pension systems in the main source and...

In February 1936 John Maynard Keynes gave birth to modern macroeconomics when he published The General Theory of Employment, Interest and Money. In some ways Oskar Lange was seemly also very critical of mainstream neoclassi-cal thinking although known as a working marginalist for the greater...