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The restructuring (perestroika) now under way in the USSR involves designs for change so profound that it can be called a true revolution. This restructuring comprises radical alterations in every a...
In the attempt to establish institutions which foster economic development in the third world, economists often look to the West as a model. This indeed has been the case in Ghana, West Africa. In ...
That economic analysis is sometimes used selectively and prejudicially to support positions motivated by self-interest or ideology is hardly news to most scholars. The purpose of this paper is to de...
The increased openness andfinancial integration ofmodern economies have important consequences for macroeconomicpolicy. Policy-. makers have responded by embracing different approaches to policymaki...
A Rule for Handling Economic Challenges The UnitedStates has just been througha very extraordinaryperiod in its economic history, in the number of economic challenges that it has had to face and di...
The subject offinancial reformin Japan andits impact on the global economy is one that intrigues not only the Japenese but foreign observers as well. What has happened to the financial presence of ...
When I attended graduate school in economics at Yale, one of my professors, Henry Wallich, in 1960 published a book entitled The Cost of Freedom. This book reflected the conventional wisdom of the t...
Foreign aid has had, and continues to have, a multiplicity of goals. Five decades of development assistance have provided an adequate historical record by which to judge to what extent aid successfu...
The successes or failures of monetary reforms in Latin America have depended on the financial liberalizations that accompanied them and on the peculiarities of attendant financial regulations and pr...
In recent years, a renewed interest has been shown in trying to further comprehend the factors that determine a country’s rate of economic growth. This is important since a higher growth rate means ...
Lon Fuller (1964: 30) defines law to be ‘‘the enterprise of subjecting human conduct to the governance of rules.’’ The key components of economic freedom arise through such an enterprise when instit...
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...
In recent years, there has been considerable discussion of the impact of globalization on the Chinese economy. The consequence of China’s entry to the World Trade Organization for capital mobility ...
Economic policy may be coming full circle: the long view is again gaining acceptance and short-term policy adjustments are losing currency. Schumpeter and Hayek are mentioned by economic pundits wi...
During the past two decades there has been a heated debate about the causes of the German so-called Wirtschaftswunder (economic miracle) after the Second World War. This debate came somewhat unexpe...

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