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We present a model of financial market liquidity provided by financially constrained intermediaries. We show that market liquidity increases with the level of intermediary capital. We also characterize conditions under which intermediaries play a stabilizing or destabilizing role in markets. Finally, we sketch a number of areas, including welfare and public policy, on which the model can shed l...

The approach of Canada’s Government to Insite, North America’s first safer injecting facility (SIF) (Wood, Kerr, Tyndall, & Montaner, 2008), is one manifestation of what appears to be the government’s broader hostility to both evidence and human rights in public policy, at least insofar as that policy involves the health of people who use illicit drugs. A number of observations are warranted in...

The wide spread of cooperated and self-managed ways of work, not only in the urban but also in rural areas, makes relevant the debate on the contributive potential of these experiences for the solution of social problems. This article tries to reflect on the way this organizational logic is able to improve life and health conditions of rural workers. Studying the organizational process of a rur...

Employing total consumption as a household-level welfare indicator with which to measure poverty has often been criticised because it is felt that such an indicator does not account for differing access to, and cost of, publicly provided services. This paper discusses when and how adjustments can be made to expenditures derived from household surveys so as to reflect the consumption of basic se...

The contemporary state invades privacy in ways that affect even the end of life process. It develops public policies that can affect medical ethics. This limitation of power leaves the doctor's attention to the profession and may become a convenient code.

We propose a conceptual model to encourage systematic analysis of social equity issues of science policy. The model considers the relationships among several attributes of science and technology goods and services including the incidence of its impact, degree of concentration, and whether its consumption generates capacity for the individual or groups or is ‘‘hedonic,’’ that is, short term and ...