Fiery economic debates about the effectiveness of devaluations have recently emerged in EMS and in other industrialized countries that maintain more or less officially pegged exchange rates. A rigorous assessment of this issue must pay careful attention to the interactions between real and...

The paper tries to convey the idea that choosing a winner among a group of nominees or short-listed candidates may hurt those who bestow prizes, those who are selected, as well as those who base their own choices on the ranking. We base our observations on examples of contests (movies,...

The article illustrates the formation over time of the late 20th century canons of two schools that dominated all other European schools in their time: Italian Renaissance and Flemish Realism. Since most artists were discussed some 400 years ago, by Vasari in the second edition of his Vite and...