This paper examines the phenomen of microstates and, in particular, their often exceptionally high per‐capita levels of income. It suggests that the small size of a state, in terms of both area and population, may be economically advantageous. The special characteristics of microstates are...

Recycling is typically advocated on economic grounds, yet at current prices, it does not pay. There are some reasons to think that some of these prices are inefficient, but the main problem is that recycling substitutes labor for energy, virgin materials, and landfill space. Advocates of...

This paper focuses on nonlinear properties of economic transformation and provides illustrations from nearly a decade of economic transition experience of the formerly planned economies. A particular argument is that policies that move a system along “the edge of chaos” may have the best...

The article examines the shift in the post‐apartheid government’s economic policy from its reconstruction and development programme to its growth, employment and redistribution policy. It argues that this move towards a more neo‐liberal paradigm reflects the growing reflection of the...

Theories of crime and delinquency tend to be discipline‐specific and are dominated by psychological, sociological, and economic approaches. The focus of this article will be on an economic approach to understanding criminal behavior and the design of effective policies for dealing with the...

Development ethics is a new and rapidly expanding discipline within development studies and social science. The cultivation of development ethics has the potential to produce a coherent account of human well‐being for guiding development policy and thinking. Although discussions of...