It is shown that when some countries take unilateral steps towards solving environmental problems, efficiency in the global economy will be enhanced by implementing trade provisions along with domestic environmental regulations.

Doubts about the intrinsic value of economic performance are nothing new (T.Scitovsky, J.Galbraith). The paper starts with a criticism of „catching up“ models and a „puzzle“ of East Germans dissatisfaction with a rise of welfare after the Berlin wall’s fall. Author provides a sketch of...

The new welfare economics, both of the Kaldor-Hicks-Scitovsky-Samuelson school built on the compensation principles and the Bergson-Samuelson school built on the social welfare function, tried to expand the domain of applicability of the Pareto unanimity principle. The purpose of this paper is...

Post World War II European welfare states experienced several decades of relatively low unemployment, followed by a plague of persistently high unemployment since the 1980's. We impute the higher unemployment to welfare states' diminished ability to cope with more turbulent economic times, such...

This paper analyzes the interplay between social norms and economic incentives in the context of work decision in the modern welfare state. We assume that to live off one's own work is a social norm, and that the larger the population fraction adhering to this norm, the more intensely it is felt...