Tourism has become one of the world’s major industries and a recognized agent of economic diffusion. Prompted by its potential to permeate, support and propagate virtually every field of economic activity, many communities now actively promote tourism development.The rapid growth of the...

The first part deals with the financial background to the economy. The switch from an agricultural economy to one where, since 1974, oil has taken centre stage, has been dramatic. A country traumatised by civil war has left deep scars, as a result the oil boom of the 1970’s was not taken...

This article returns to the debate on economic growth and the environment. It outlines two approaches to environment: the orthodox and the Austrian. The orthodox approach claims to be positivistic, and stresses objective functions. In fact positivism has an implied political theory, and...

After almost 20 years of reform discussions in Germany, a new political regulation came into force on 1 January 1995, in order to substantiate requiring care—elderly primary care (Pflegeversicherung). The demographic development in Germany represents one point of reference for...

Exegetical study of the economics of Hayek and Keynes are active research industries in the form of the neo-Austrian and Post-Keynesian research programmes respectively. Often it would appear that these efforts would benefit from an underlying methodological orientation. It is our argument that...