Using regression analysis, the paper examines the claim that prevailing wage regulations raise public construction costs. The implicit assumption is that prevailing wages are highly influenced by the presence of strong labor unions, hence the attack on prevailing wage laws are part of the...

The 1980s economic crises in Egypt and Tunisia ushered in the neoliberal economic austerity era, rampant corruption, increased inequality, and socio-economic exclusion. At the same time, it also built a multi-billion-dollar business empire for the elite class connected to the presidential...

The paper presents a brief overview of the basic premise of the Burczak's Socialism after Hayek, and shows that Burczak's “applied epistemological postmodernism” presents a unique unifying ground for heterodox economics, breaking down traditional barriers between right and left. This new...

This timely book rethinks economic theory and policy by addressing the problem of economic instability and the need to secure broadly shared prosperity. It stresses that advancing economics in the wake of the Great Recession requires an evolutionary standpoint, greater attention to uncertainty...

This paper critiques the fiscal cliff mythology and the neoliberal push for economic austerity policies and sequestration of government programs. The purpose of the paper is to shift the debate to a social justice alternative that can sustain and enhance the social safety nets by implementing a...

The following section are included:IntroductionThe Inevitable Leaderless RevoltThe Transformation of Elite Power StructureThe Breakdown of the Social ContractTowards a New Liberal-Political Islam CoalitionConclusionAcknowledgmentsReferences