The paper presents an impossibility theory, that micro-economics cannot consider environmental factors, and suggests that an analysis of the treatment of environment within economic theory reveals shortcomings in many areas of economics.The essential element in the consideration of environment...

A more simple explanation is provided here for a deficit-aggregate demand negative trade-off.Postwar deficits apparently have not produced high aggregate demand. It has been suggested that a parallel rise in private saving, following intergenerational altruistic transfer motives and accurate...

The issue of protectionism has become the main topic of discussion in both the academic and bureaucratic circles of the advanced as well as the developing market economy countries. This paper aims to critically deal with one aspect of the debate, namely, the rising protectionist sentiments in...

Many local governments are now facing the challenge of maintaining an adequate level of public services without resorting to any form of tax increase. One strategy is to generate additional tax receipts from existing levies through economic development. The author provides an overview of the...

This paper develops an economic explanation of the Dutch colonization of southern Africa. The changing attitudes of the Dutch to colonial growth are seen as a rational response to shifting economic constraints rather than as a function of changing tastes. The model emphasizes the importance of...

Although the arguments put forward in support of producer co-operatives span many levels—from the advantages for the national economy to the benefits for individuals—much of the promotion of co-operatives emphasizes the supposed advantages of cooperative working at the individual...

This paper provides a political case study explanation to the otherwise pessimistic accounts of the invariance (neutrality) proposition in the rational expectations (ratex) money-output literature. With the assistance of a partisan administration computational “ruleâ€, the anticipated...

This article explains that the environment forms an integral part of the economy. It then presents three applications of data on environmental losses and restoration: their integration in the System of National Accounts and their incorporation in cost-benefit analyses and economic models. Some...