The paper examines one of the considerations that determines the extent to which policymakers pursue the objectives demanded by constituents. The nature and extent of their ignorance serve to determine the incentives confronted by policymakers to pursue their constituents' demands. The paper...

Using three market examples: opium, grapes, and timber; this paper illustrates mismanagement of Afghan economic affairs. These examples show an adverse effect of Western influence since the 9/11 invasion. Economic policy in Afghanistan is based on the history of capitalism, not the principles of...

Bulgarian Abstract: Европейската интеграция е най-важният политически процес в Европа през XX и XXI век. Интеграцията продължава и се задълбочава и в наши дни, въпреки...

Financial regulatory reform undertaken without an understanding of the true causes of the recent crisis, awareness of lessons from abroad and knowledge of our own regulatory history is doomed to fail. This paper, (which is excerpted from a speech given by the author on April 8, 2010, in...

The paper examines one of the considerations that determines the extent to which policymakers pursue the objectives demanded by constituents. The nature and extent of their ignorance serve to determine the incentives confronted by policymakers to pursue their constituents' demands. The paper...

Le rôle de l’éducation dans la croissance économique semble faire partie des vérités les mieux partagées entre économistes. Au tournant des années 2000, il a néanmoins fait l’objet de nouveaux débats. Depuis, une série de rapports destinés au monde politique ont fait état de la...

Europe 2020 tried to overcome the failures of the Lisbon Strategy. Goals set by the European commission were allowed to be adapted to take account of the starting position and the preferences of member countries ("national ownership"), the monitoring process was improved and the coordination...

The European Union has reached a critical juncture in dealing with the fallout from the 2008 financial meltdown that started in the USA and spread to engulf banks and the financial markets of Europe. The ensuing recession or stagnation in many member countries was compounded by austerity...