This review of public finance in developing countries covers tax advice and practice during the past half century, principles of good public finance, some key issues in development finance during the period, fiscal decentralization and some important open questions. Thinking about good tax...

Contemporary popular movements in the Middle East and North Africa convey uncertain implications of the nature and goals of the revolting masses and the possible consequences. However, on the ideological nature of the motivators there are contradicting factors. The socioeconomic motives and the...

In recent years a growing consensus has emerged in favour of the shareholder-oriented model of the corporation. Increasingly, this model is justified not on the basis of shareholder ownership of corporations but on the basis of efficiency. Moreover, it is argued that no matter who are the...

There is has long been a tendency to see the corporate legal form as presently constituted as economically determined, as the more or less inevitable product of the demands of advanced technology and economic efficiency. Through an examination of its historical emergence, focusing in particular...

This paper argues that corporate governance, and Anglo-American corporate governance in particular, is in need of radical rather than ameliorative reform. Among the things that the current economic and financial crisis has highlighted is the deeply dysfunctional nature of the highly...

This paper explores the historical development of corporate theory and the re-conceptualisation (and re-allocation) of corporate property and corporate rights generated by the rise of the joint stock company. It argues that, historically, contractual theories of the corporation, with their...

As Ronald Coase points out, there are two kinds of conceptions of economics: first, the conception that emphasizes the study of specific kinds of human activities; and, second, the conception that makes economics the study of a specific approach to all human choices. The paper first shortly...

This paper is concerned with the axiomatic foundation of the revealed preference theory. Many well-known results in literature rest upon the ability to choose over budget sets that contains only 2 or 3 elements, the situations which are not observable in real life. In order to give a more...

The current paper experiments with the conception and analytical model of principle components. The analysis utilizes data of Sudan to test the model fitness and data suitability. All the country's economic sectors are used in the analysis which also integrates high, medium and low income strata...

The main focus of the present paper is to analyze the impacts of financial policy on inflation rates. The analysis depended on time series data and was divided into theoretical and applied analytical framework. An econometric model was utilized to reflect the relations between financial policy...