A major development policy challenge in the contemporary economic policy discourse is to sustain the development momentum. Prevailing political economic realities influence the economic thinking to accommodate the political compulsions. The inclusive development is one such development strategy....

Ist die deliberative Demokratie ein konservatives Modell? Beruht es auf Mechanismen, die in systematischer Weise seinen emanzipatorischen Anspruch unterminieren? Der Aufsatz beantwortet diese Frage im Anschluss an KritikerInnen der deliberativen Demokratie in Hinblick auf drei Dimensionen. Die...

Over the past few years, there has been a significant increase in the number of initiatives seeking to mobilize investor voice towards positive social impact. In this paper, I provide a framework outlining the role of investors as stewards of the commons. While companies are increasingly...

This paper analyses the links between advances in financial technology, investors’ sophistication, and the composition and returns of their financial portfolios. We develop a simple portfolio choice model under asymmetric information and derive some theoretical predictions. Using detailed...

There is evidence of mounting illiberal inclinations in the industrialized world, in democratic societies; an "inward-looking" syndrome (rising nationalism) is also taking place. Are they to be linked with temporary drivers in the “extraordinary times” we are living through, or do they have...