Intrinsically trustworthy agents never cheat. A society's willingness to trust and the quality of its institutions have their origins in the intrinsic trustworthiness of its citizens. Trustworthiness is the basis for maximizing output in economic exchange and in explaining differences in...

A series of high-profile food-related scares around the globe has drawn attention to the issue of food safety and other health risks associated with agriculture. Because the scope of the problem is different at different levels of economic development, we need nuanced policy options to promote...

In corporate form, the constituting feature of the modern corporation, a top management monopolizing capitalist functions per se controls through financial and policy mechanisms a middle element of supervisors, engineers and other technicians and professionals who in turn control by...

On 26 March the Reserve Bank and The Treasury hosted a forum on exchange rate issues for officials and other invited participants to discuss a range of papers prepared by staff of the two institutions. In these concluding remarks, Assistant Governor John McDermott offered some personal...

Commissioned by the CGIAR Science Council and prepared as a Background Paper for the 2008 World Development Report of the World Bank.