The poet Ezra Pound (1885 – 1972) was a moralist who regarded economics as key to understanding human society, and thereby to solve most social problems. He became a prolific writer of economic texts, in which he espoused the ideas of two heretic economists: Major Clifford Douglas’ social...

In one of the most famous passages of economic literature, John Maynard Keynes (1936, p.156) likens the stock market to a beauty contest in which the winners are those who anticipate the average opinion. Recently there have been attempts at investigating the BC experimentally (Nagel 1995, Duffy...

Le con flit politique qui existe entre les magistrats et les hommes politiques à propos de leur indépendance et responsabilité respective est un sujet de débat non seulement chez les juristes mais aussi chez les économistes. Les juges veulent être indépendants des hommes politiques et les...

The paper provides an integrated framework to assess water markets in terms of their institutional underpinnings and the three ‘pillars’ of integrated water resource management: economic efficiency, equity and environmental sustainability. This framework can be used: (1) to benchmark...

Ever since the early days of National Income accounting we can observe periodic surges of demands to fix the measurement of GDP to better reflect progress, welfare or even happiness. In recent years even Presidents and Prime Ministers in Europe have joined the chorus of the discontent. In this...

This study examines the factors affecting modes of commercializing patented inventions using a novel dataset based on a survey of U.S. inventors. We find that technological uncertainty and possessing complementary assets raise the propensity for internal commercialization. We find that R&D...

We investigate the role of information on consumers’ valuation for food products containing genetically modified organisms (GMOs), using data from a specifically designed survey. We provide three main results. First, we show that introducing mandatory labels to identify whether or not a food...

In the present paper we are going to examine texts by Werner Sombart and Friedrich von Wieser on entrepreneurship and the capitalist economy using an interdisciplinary approach focused on economics but also dealing with economic sociology and political philosophy. We believe that both authors...

The objective of the paper is to identify some of the determinants of foreign investment of the largest multinational enterprises (MNEs) operating in the wine industry. The list of the largest MNEs has been compiled using financial databases and company websites. The results of this study have...

Although fiscal (de)centralization literature explains easily the centralization of taxes on the basis of a superior tax administration capacity, it finds more difficult to argue why in federal and decentralized systems subnational governments are ready to accept the demise of their taxing...