Schumpeter chastised Ricardo for his alleged "vice" - the so-called "Ricardian Vice" - of drawing far reaching policy conclusions from utterly simplistic models, which, moreover, were underdetermined. The paper first argues that Schumpeter saw Ricardo's approach to the theory of value and distribution through a marginalist lens and therefore arrived at a distorted picture of the latter. Several...

Just as for people, a new year is a good time for a journal to stop, look back, and start a new beginning, hoping for a good season ahead. This is what we have been doing each year in the Croatian Medical Journal for the last twenty years. We will probably never stop doing this, even when we become an august journal, because the world of scientific publishing rapidly changes. This year, we pres...

The journals of the International Union of Crystallography have grown in size and number over the past 60 years to match developments in scientific practice and technique. High quality of publication has always been at the forefront of editorial policy and ways in which this has been achieved are described. In particular, the development of standard exchange and archive formats for crystallogra...

We introduce here the inaugural issue of the new scientific journal Translation. The overarching aim of this endeavor is to establish a new forum for a broad spectrum of research in the area of protein synthesis in living systems ranging from structural biochemical, evolutionary and regulatory aspects of translation to the fundamental questions related to post-translational control of somatic p...

the objective of this paper is to determine the efficiency of manufacturing companies in kenya over the period of 2009 to 2011 as well as suggesting appropriate policies to be employed by the manufacturing companies in kenya based on the findings of the study. three critical inputs variables (raw materials, staff expenses and plant and machinery) and two output variables (net sale and earnings ...

Prioritizing public investments requires information on relative returns that are difficult to derive from disparate evaluation studies. This paper presents a ‘hybrid’ approach that combines ex post evaluation data with an economy-wide model for experimenting ex ante with alternative investment portfolios within a consistent, structural framework. The approach is used to evaluate rural investme...

In recent years, the international community has expanded efforts in programme evaluation to improve the accountability of development projects. This paper presents approaches to implementing state-of-the-art evaluations in rural electrification projects, taking into account specific challenges that researchers face in such interventions. Furthermore, it suggests a particular approach to assess...

Prioritizing public investments requires information on relative returns that are difficult to derive from disparate evaluation studies. This paper presents a ‘hybrid’ approach that combines ex post evaluation data with an economy-wide model for experimenting ex ante with alternative investment portfolios within a consistent, structural framework. The approach is used to evaluate rural investme...