This book examines the economy as an evolving entity and develops a new and coherent approach to the classification of economic systems. It demonstrates how the components of a decision-making system and the properties of a functioning economy are intrinsically linked. A well-functioning economy...

Starting from the premise that ethics is the ‘science’ of free choice or voluntary decisions, it seems economists have a special contribution to make towards a ‘general’ theory of choice to deal with decisions that cut across the social sciences. Economists have devised elaborate and...

This paper offers a novel conceptual framework based on decision‐making institutions, structures and principles, for a systemic integration of ethics and economic development. Within this framework ethical issues are systematically incorporated into the main components of the decision‐making...

Discusses the concept of a well‐functioning economy and attempts to define its principal properties. Examines some aspects of rules of decision making that are essential for the generation of optimal decisions. Brings together the selected properties of a well‐functioning economy and the...

This thoughtful book will be of interest to economists of economic theory and economic systems as well as policymakers in both the private and public sectors.

Since the transition to democracy, South African public works programmes have been designed to involve community participation, and have aimed to target the poor. This article examines the targeting performance of seven programmes in Western Cape Province, and analyses the role of government,...