The essential idea is to show how norms can emerge spontaneously at the social level from the decentralized interactions of many individuals that cumulate over time into a set of social expectations.

A reduction of impediments to international flows of goods, capital and professional labor is thought to raise the economic costs of programs by the nation state (and labor unions) to redistribute income to the poor and to provide economic security. But some of the more politically and...

This article examines the basic economics of scholarly publications, especially technical journals, and applies this model to the consequences of low-cost electronic publication. The article discusses the demand for scholarly publication: dissemination of new information to students, other...

This paper explores the macroeconomic consequences of changes in fiscal policy in the United States and Japan, for countries in the Asia-Pacific region. The basis of the study is the McKibbin-Sachs Global model that now includes models for Korea, Australia and Japan. It is shown that the...

The Kyoto Protocol is seen by many as a step forward in reaching the UNFCCC goals of slowing emissions of greenhouse gases. In this paper we argue that the issue of regime sustainability in developing the Kyoto approach to climate change has received too little attention. We question the...