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The main problem of this article is the basic income guarantee in the perspective of institutional economics. The author evaluates theoretical literature considering the topic and discusses past empirical research. The predicted and the actual outcomes of the programme are compared and...
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The article analyzes how economic theory usually investigates corruption. It describes the main traditional economic … theories dealing with this issue-principal-agent theory (agency theory) and rent-seeking theory-and it emphasizes that both … environment in which corruption occurs. Redistribution system theory can serve as a useful aid here because it reveals that the …
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