…more than the value of the subsidy. But for some combinations of inputs, the formula predicts prices that clearly exceed buyers’ capacity to service loans. If the financial system tries…
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…Irrigation and rural electrification are required to facilitate economic diversification into non-agricultural work. Yet irrigation and electrification require central political coordination and application of modern science and technology. Centralized decision-…
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…literature, including writing by Adam Smith on rhetoric (deliberative eloquence) in political debate, and the significance of propaganda was recognised in the 1940s. Modern approaches to political processes, agenda setting,…
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…state compressed wages, lifted its protection of national industry, set single exchange and interest rates and opened up trade and capital accounts with the intention of readying cheapened national resources…
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…leading to further hardships for those Americans with low incomes. This essay will explore how a rule to cap the principal to interest ratio in mortgage payments would impact the…
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The central issue studied in this essay is the meaning and implications for public policy of Nicholas Stern’s statement that “Climate change is the greatest and widest-ranging market failure ever…
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…more space is really needed to make the main points. The Editors may ask that a paper is made concise before it is put online in the Discussion Forum. The…
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…tax havens, and companies are increasingly shifting profits through Bermuda, Luxembourg, the Cayman Islands and other such offshore jurisdictions. The best guesses suggest that there are approximately 60 secrecy jurisdictions,…
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