How much the Government should provide for its people in sickness and in health, till death do us part, is open to different interpretation in different societies. One of the great paradoxes is that welfare states with high taxation can be globally competitive, innovative, successful market economies, and still provide quality universal healthcare. The Nordic countries, classical welfare states...

This paper searches for the origins of the relatively successful performance of Hoogovens, the only sizeable steel firm in the Netherlands. It is suggested that Hoogovens has at critical moments benefited substantially from both strategic and financial support, but was basically left to decide its own policies. Luckily, it mostly opted for ‘right’ policies so that the industry’s decline hit les...

We consider a dynamical approach to game in extensive forms. By restricting the convertibility relation over strategy profiles, we obtain a semi-potential (in the sense of Kukushkin), and we show that in finite games the corresponding restriction of better-response dynamics will converge to a Nash equilibrium in quadratic (finite) time. Convergence happens on a per-player basis, and even in the...

This paper looks at the fundamental objections to laissez-faire and reliance on market mechanisms which were developed by Cambridge economists in the interwar period the theory of imperfect competition and the theory of effective demand. Both shared mistrust in market mechanisms, both were framed in the Marshallian partial equilibrium analysis, but they drew their inspiration from different sou...

Scholarly works have shown that one of the outstanding factors organizational commitment has been leadership, which relates to style adopted by leader and impact it on level employees for performance. The aim this research was explore effect leadership styles commitment. Transformational, transactional, laissez faire were examined. A cross-sectional survey 151 at a public sector agency in Abuja...