This paper assesses the role of ideas in economic change, combining economic and historical analysis with insights from psychology, sociology and anthropology. Belief systems shape the system of categories ("pre-confirmatory bias") and perceptions (confirmatory bias), and are themselves...

A diverse group of concerned citizens from around the world (including former government officials and leading economists) met at Columbia University on February 9 2007, under the sponsorship of the Initiative of Policy Dialogue, the Friedrich Ebert Foundation, and Erlassjahr, to consider the...

Pøeklad pøednášky profesora Josepha Stiglitze, kterou pronesl na pùdì IES FSV UK v èervnu 2001. Hlavním pøedmìtem pøednášky byly otázky ekonomické transformace a specifické role, kterou v této transformaci hrají otázky morálního hazardu a morálky obecnì.

Financial regulation is required to find a remedy to the many mistakes made, and to prevent the possibility of a new crisis in the future. In this context small adjustments are not sufficient, but it is necessary to define new rules based on different principles, including: the need to extend...

A strand of recent literature shows that a reform of import tariff (export tax) and consumption tax (production tax) that keeps the consumer (producer) price unchanged enhances welfare and increases revenue under plausible conditions. It has been argued that the results provide an ex-post...