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The neoclassical models of economics seem to have eluded the concept of physical limits to growth by assuming that the market and the technological advances evoked by it will make it possible to tap new resources and create substitution of production factors. They have also rarely addressed...
Persistent link: https://www.econbiz.de/10012604488
Organized crime satisfies the demand for protection and enforcement of property rights in the absence of effective government institutions. However, weak law enforcement alone cannot explain the cross-regional differences in mafia activity. This chapter develops a feedback model of economic...
Persistent link: https://www.econbiz.de/10012604479