In Capitalism, Socialism and Democracy Joseph A. Schumpeter concluded that socialism would eventually displace capitalism in Western democracies. This would come about as a result of the superior performance of capitalism. We extract six "stylized" propositions that are essential elements of...

By means of a new type of production function - the WDI function – an examination has been made of the production structure in thirteen branches of Swedish manufacturing industry. The function used which is the same in all thirteen branches, allows for variable elasticity of substitution and...

This article examines empirically whether Iraq and the fifth enlargement affected EU voting cohesion at the UN General Assembly 2000-05. It poses the question of whether the entrants' willingness to co-operate might have ameliorated the expected adverse effects of Iraq and an increase in the...