This paper argues that openness to new, unconventional and disruptive ideas has a first-order impact on creative innovations-innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on the choice between incremental and radical innovation,...

Tolerance has the potential to affect both economic growth and wellbeing. It is therefore important to discern its determinants. We add to the literature by investigating whether the degree to which economic institutions and policies are market-oriented is related to different measures of...

Understanding the logic of fiscal decentralization is pivotal to the next steps of fiscal reform. The first step is a retrospection of the literature and evidence accumulated in the field. As a typical transition economy with rapid and extensive devolution reforms, China is the ideal context to...

P. Salin décrypte la crise actuelle et dénonce les hypocrisies auxquelles son interprétation dominante donne lieu. Il démontre que la crise est le résultat de mauvaises réglementations économiques et monétaires et d'une déficience du capitalisme.

L'auteur présente les idées forces de la pensée libérale sur la vie économique contemporaine ainsi que sur les grandes questions sociales. Il s'efforce de réévaluer des principes et une philosophie qui sont le plus souvent aujourd'hui diabolisés.

One of the most often committed mistakes in economic reasoning is the supposition about the continuity of economic processes. However, what dominates in reality is a process of permanent changes, which sometimes proceed in a cascading manner rather than linearly. It must be acknowledged that the...

Comparing domestic- and foreign-owned firms in Germany, this paper finds that foreign-owned firms are more likely to focus on short-term profit. This influence is particularly strong if the local managers of the German subsidiary are not sent from the foreign parent company. Moreover, the...

Organizations such as ASEAN and EU were formed to promote economic growth, social progress and cultural development among their members. This book provides a comprehensive overview of the transformation which the newest members of ASEAN (Cambodia, Laos, Myanmar and Laos) and the newest members...