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One important aspect of the resulting indebtedness in full-fledged market economies is the mutual influence between different economic sectors. Therefore, alongside the government indebtedness, one mu...
While effects of public policy are one of the foundations of organizational theory, less explored is how these effects may depend on other external environmental factors. We focus on how policy is a n...
One of the tasks that a transition economy faces as it moves from a system of state-owned enterprises (SOEs) and central planning to one that relies on market competition among privately owned firms, ...
Low-impact development (LID) is an innovative stormwater management strategy that restores the predevelopment hydrology to prevent increased stormwater runoff from land development. Integrating LID in...
We all know what a popular buzzword “industrial policy” has become inWashington these days. The trouble seems to be that the term “industrial policy” means different things to different people. To ...
Throughoutmost of American history, main reliance for Increasing productivityhas beenplacedon the workings ofcompetitive markets In our predominantly free, private enterprise economy. The logic is ...
In any serious discussion of tax reform the relative roles of the politician and the economist need tobe examined. I know that some theories of public choice take a rather dim view of politicians, a...
It is a great honor, as well as a great pleasure, forme to contribute to this Festschrift honoring Peter Bauer and his pathbreaking work on economic development. My acquaintance with Bauer’s point o...
The Third World, often called the less developed countries (LDCs), consists of over 100 nations in Africa, Asia, the Middle East, the Western Hemisphere, and the Mediterranean. Most ofthese countrie...
It is often nearerthe truth to say that capital is created in the process of economic development than that development is a function of capital accumulation. —P. T. Bauer’
In 1985, Florida’s Growth Management Act was passed, and this paper discusses its characteristics and implications. The object of Florida’s Growth Management Act is to take some of the rights to de...
Over the past decade or so, professional economists have increasingly questioned the once prevailing conventional wisdom that state and local taxes are unimportant in determining variations in the ...
The federal governmenthas grown substantiallyin the 20th century. In 1913, just prior to World War I, federal government expenditures were 2.5 percent of gross national productandby 1990 theyhadrise...
Any significant government intervention beyond the limits defined by the minimal or protective state will counter, indeed may block, the dissipation of rents (Buchanan 1980: 7). Rent-seeking activit...
I used to attend Cato’s monetary conferences in the 1980s when I ran the Richmond Fed’s Baltimore Branch, just up the road. The persistent criticism was hard to take, especially when it came from o...

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