The treasury analogy is widely used in most countries in the execution of fiscal policies striving to match taxation with public expenditure while, at the same time, the central banks tinker with interest rates and reserve requirements and conduct open market operations for regulating money...

Background. Research shows that learning and task performance improve when participants in management exercises understand the structure of the system they control. However, the majority of business simulators are “black-boxes.”Aim. This article introduces structural debriefing, which is a...

This paper utilizes the dynastic cycle framework proposed in (K. Saeed & Pavlov, 2008) to explain the role of dissent in universities. By combining the dissent expression framework (Kassing, 2011) and the dynastic cycle structure, we construct a generic model for dissent in organizations. The...

Although central banks strive in most countries to regulate financial markets through monetary instruments while treasury departments formulate fiscal policies to attempt to match taxation with public expenditure, the economies of these countries continue to generate uncontrollable budget...

It is widely known that in a fiat currency system, governments can create money tokens to meet public expenditure, then take some of them back through taxation or bond issue to adjust the money supply to a desired level. Yet the treasury departments in most countries strive to formulate fiscal...

The goal of this study was to investigate whether natural resource dependence affects per capita growth through the financial system. A well-developed financial system provides better access to credit which is essential to economic growth. Therefore, if natural resource dependence hinders...

A generic system embodies basic principles and insights that are common to a set of diverse cases and situations. For example, a generic system called quot;limits to growthquot; captures the constraints experienced by an organization due to the scarcity of an important resource. Its...

While many eminent economists have expressed disdain about the abstract nature of contemporary economic theory and how it is removed from reality, few offer a cogent solution to this problem. Jay Forrester, a control engineer turned economist proposed replacing the abstract economic model with a...