The purpose of this paper is to examine the transition of economic freedom indexes themselves among countries in the world instead of their economic effect. The three central questions of this study are: Do economic freedom sub-indexes converge? Do some sub-indexes of economic freedom display...

We develop an index measuring the three main dimensions of governments' anti-trafficking policies – prosecution, protection and prevention – for up to 180 countries over the 2000-2010 period. Overall, developed countries perform better than the rest of the world; compliance with prosecution...

In this paper we propose an index for measuring the reforms adopted in various sectors. As compared to the existing methodologies, the proposed tool has the advantage of quantifying the overall progress of reforms in five different areas (labour market, business environment, public finance,...

This paper seeks to construct a model of government which will attract two sets of individuals: the altruistic (who seeks public service for the interest of the larger society) and the selfish (who seeks public service for the purpose of extracting rents for himself and members of group). When...

We study how organizations can exist to facilitate coordination in a diverse population by mitigating strategic uncertainty. Members of an organization are obliged to take collective actions, which mitigates strategic uncertainty. But some actions may be detrimental to some members, thus...

We experimentally examine the efficacy of a novel pre-play institution introduced by Calcagno et al. (2014) in a well-known coordination game—the minimum-effort game—in which coordination failures are a robust and persistent phenomenon. This new institution allows agents to communicate while...

The emergence of Islamic viewpoints on economic issues under the umbrella of Islamic economics has captivated much interest especially in its practical manifestation in Islamic banking and finance. In light of the failure of mainstream economics to address many pressing issues, and hence the...

The 2008 crisis was an obvious anomaly for mainstream Neoclassical economic theory, and yet a decade after the crisis, the Neoclassical school still dominates the discipline and is largely unchanged. I argue that the separation of academic economics from the consequences of its empirical...

This article agrees with Reardon (2019), that economics finds itself in a predicament caused by the neoclassical school. The dominance of neoclassical economics and its lack of response to calls for reform has been endemic. Reform must include both the neoclassical analysis as well as the system...