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There is a large literature on why countries choose to issue debt rather than financing expenditures by current taxation. If Ricardian Equivalence holds and taxes are non-distortionary,then it doesn’t...
Consumer theory suggests that expenditures on luxuries and dura-bles should be more cyclical than expenditures on necessities and nondurables. Estimating luxuriousness and durability for 57 con-sumer ...
Two key unanswered questions in theories of growth are (a) why some countries successfully initiate episodes of rapid growth while others suffer extended stagnation and (b) why some countries are able...
What can the study of democratization in Southeast Asia contribute to our knowledge of democratization more generally? This literature exhibits two noteworthy strengths. First, Southeast Asianists hav...
This paper presents a political economy theory of fiscal policy and unemployment. The underlying economic model is one in which unemployment can arisebut can be mitigated by tax cuts and public ...
With the approach of agricultural times, it gave birth to “first tidal wave” in management thoughts, which provided one method that changes earth resource to wealth. Industrial revolution promoted and...
Cowen (1997) criticizes Austrian Business Cycle Theory (ABCT) on eight grounds: 1. systematic errors; 2. inflation volatility; 3. confusion of inflation and savings; 4. confusion of inflation and in...
On the Theory of Needs     Theory  Needs       2009/7/23
This text is Čuhel’s own summary of his book Zur Lehre von den Bedürfnissen which was published in 1907 and has never appeared in English. His book has been most frequently quoted in the follow...
This paper analyzes Rothbard’s welfare theory. It differs from other critiques of the theory in that it does not analyze the context of the theory but only its coherency and consistency with the res...
In this paper I show that Austrian trade cycle theory is fully consistent with rational expectations. I also compare and contrast rational expectations with an alternative theory of rationality and ...
SIGN4: The 4th Spain-Italy-Netherlands Meeting on Game Theory.
The 10th Annual Meeting of the Association for Public Economic Theory.
This article proposes to reassess Hayek’s theory of cultural evolution in the light of Darwin’s Descent of Man. It is shown that Hayek and Darwin refers to the same theory of human nature which is bor...

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