Grundsatz bei der Aufstellung des südafrikanischen Staatshaushalts ist fiskalische Disziplin. Um die Ungerechtigkeiten des Apartheidsystems ausgleichen zu können, bleibt dem Staat deshalb nur eine Veränderung der Ausgabenstruktur. Die Autoren untersuchen die makroökonomischen Wirkungen einer...

Professor Crotty once casually observed that in his view economics could not be properly thought of as a science. This paper investigates the implications of this view in light of the question of how the scientific method has recently contributed to the evolution of economic practice. It is...

It is now commonplace to argue that in South Africa, like many developing countries, higher wages will lower employment. This paper shows that it is difficult to extricate the relationship between wages, employment and output from the macropolicy environment. Dynamic computable general...