First, the institutions of direct democracy, referendum and initiative, are described. One of the main arguments against direct political rights is that citizens are often, or even generally, not enough informed or even incompetent to decide on important political issues. Therefore, the problem...

In this paper we deal with two questions, (i) what are the origins of the current financial crisis, and (ii) what did economists contribute, or why did economists fail to provide a convincing answer for the origins of the crisis, and possible solutions to overcome it? Apparently, the economics...

Gebhard Kirchgässner: Homo Oeconomicus. Das ökonomische Modell individuellen Verhaltens und seine Anwendung in den Wirtschafts- und Sozialwissenschaften. Verlag J. C. B. Mohr, Tübingen 1991, 288 Seiten, 49 DM (broschiert), 98 DM (gebunden)

Introduction and Basics -- Univariate Stationary Processes -- Granger Causality -- Vector Autoregressive Processes -- Nonstationary Processes -- Cointegration -- Nonstationary Panel Data -- Autoregressive Conditional Heteroscedasticity