Is there a shortage of CAs(SA) in South Africa as frequently claimed? An analysis of the membership records of SAICA and the real fixed salaries offered to newly qualified CAs(SA) indicate a likely oversupply

The Reformation provided a powerful source of legitimacy for secularization of governance and enabled the regional authorities to change the institutional structure to eliminate the inefficiencies under the prevailing (Catholic) regime. We investigate this idea in a simple model of regime change...