Cornwall has been recognised increasingly as an individual component of the United Kingdom’s “multi-national†diversity, part of the series of centre-periphery relationships that obtains within these isles. In addition to the cultural and territorial isolation which...

The purpose of this paper is to analyze from a law and economics perspective, two issues that have become increasingly prominent in Europe and East Asian relations. The first is that of product origin, and includes the issue of Japanese automobile “transplants†in Europe. The second is...

The paper consists of an investigation of Donald McCloskey’s proposition that economic journals contain both metaphors and allegory. The first section consists of a definition of allegory where it is shown that the defining trait of allegory is that it can be read on two levels, the...

Reform of the Japanese tax system was undertaken after the second World War and was greatly influenced by Carl Shoup, then Professor at Columbia University. Shoup’s recommendations were made during a unique historical period which allowed for an experimental designing of tax reform in...

The short-term economic prospects of the Baltic states (Estonia, Latvia and Lithuania), following their achievement of political independence from the USSR in September 1991, are assessed. They face both the general difficulties of transition to the market and a special problem of...

This paper looks at the difficulties experienced by both government and industry with the imposition of an accelerated defence programme in the early 1950’s. Shortages in manufacturing capacity, labour and resources forced government to interfere in industry at a time when it was believed...

Inputs of low entropy resources into the economic process and outputs of high entropy waste from it are two unavoidable flows of our economic activities as long as we remain as bioeconomic beings on the earth. The true problem consists in the choice for the suitable speed of increase in entropy...

This paper provides a political-psychological explanation to the otherwise somewhat pessimistic accounts of the (structural) neutrality (invariance) proposition in the Rational Expectations (RE) money-output literature.We argue that: 1. The methodology for detecting unanticipated monetary...