Our aim is to address some elementary aspects of the innate trade-off between both classical liberal requirements for an adequate order of rules: (a) effectiveness in the sense of the rules' congruence with a given order of (economic) actions and (b) legitimacy in the sense of the rules?...

Our aim is to address some elementary aspects of the innate trade-off between both classical liberal requirements for an adequate order of rules: (a) effectiveness in the sense of the rules' congruence with a given order of (economic) actions and (b) legitimacy in the sense of the rules?...

This paper attempts to analyse the recent financial crisis in Indonesia and its effect on stock prices of the country. This study also investigates the long-run relationship between exchange rates and stock prices using the cointegration method. Our results indicate that there is no long run...

Economic development requires the use of natural resources. Increasing population makes increasing demand on such resources thereby leading to the degradation of the environment. Excessive use of resources can lead to a situation where declining supply can no longer satisfy the demand. Hence,...

The prosperity achieved by developing countries in South East and East Asia as well as in many other parts of the developing world, would have been unthinkable fifty years ago. The significant rise in standard and quality of life of the citizens of these countries cannot be explained by their...