This paper develops a joint theory of ideology and redistributive policy to account for the striking divergence found across countries in voters? attitudes about the causes of individual wealth and poverty (self-reliance or societal forces), as well as in the observed social contract...

There is ample evidence that emotions affect performance. Positive emotions can improve performance, while negative ones may diminish it. For example, the fears induced by the possibility of failure or of negative evaluations have physiological consequences (shaking, loss of concentration) that...

Policy has traditionally focused on increasing water supply by investing in large scale and centralised projects. The importance of securing water supply necessitates that all options be explored. Research has indicated that demand on water catchments can be substantially decreased when a large...

This paper surveys the behavioural finance explanation of six puzzles of finance. These puzzles are: stock price under- and overreactions, excessive trading and the gender puzzle, financial hypes and panic, the equity premium puzzle, the winner/loser puzzle and the dividend puzzle. After an...

The key elements of effective central banking that account for much of the improvement in monetary policy around the world today are outlined and explained. The past quarter of the century has been a revolutionary period in which the world emerged from great inflation and output instability into...

Idea on National Knowledge Commission, what it is and what are they trying to accomplish, ask for the audience support, understanding and also talk about the need for major reforms in University education. [Convocation Address at University of Mumbai].

Nearly a million people take their own lives every year, more than those murdered or killed in war. Suicide is a problem that affects people of all ages and economic levels, and is recognised by the WHO as a significant public health problem. A large significant proportion of suicides are among...

What makes entrepreneurs different? Using a cross-country dataset, this paper explores essential parts of the value system of entrepreneurs in Western European countries by comparing value items of the self-employed to that of the non-self-employed. The self- employed rate values higher that aim...

Subject of the study presented in this paper is the analysis of the relevance of the Internet as an information source in German banks. The results show, that today the Internet is indeed the most important information source for many types of information used in the business processes of banks....