Too often, the examination of the work of a major intellectual figure occurs in an historical vacuum. History has two meanings. One sense is obviously that of the social, political, and economic context within which a specific theoretical development takes place. Would Keynes have written The General Theory had England not suffered economic difficulties following World War I and had the capital...

The purpose of this study is to examine the relationship between the leadership styles and the organizational performance among the Malaysian Public Universities (IPTA) academic leaders in Klang Valley Area. In the recent years, the roles of academic leaders have been identified as crucial to the success of any higher education academic institutions. This study is a quantitative research and in...

Chapter 1 introduced the foundations for the neoliberal interpretation of international institutions’ advocacy of liberalized trade. A critical assumption behind the neoliberal perspective is that free markets are in the collective interest – that is, that liberalized trade maximizes the gains to world as a whole, without regard to how those gains might be distributed. The economic theory under...

Walter Block's critique of my paper fails to address the main argument. It is that Ludwig von Mises's support for laissez faire comes from a comparison of the systems recommended by the ideologies of socialism, interventionism, and liberalism. Mises compares these systems according to the criterion of their capacity to achieve the goal of satisfying material wants, which is either explicit or i...

The tax regimes applied to couples in many countries including the US, France, and Germany imply either a marriage penalty or a marriage bonus. We study how they affect the decision to get married by considering two potential spouses who play a marriage proposal game. At the end of the game they may get married, live together without formal marriage, or split up. In this signaling game, proposi...

Parenting styles, which are known to have a significant effect on children's development, also have a significant effect on children's Internet use. This study was designed to demonstrate how parenting styles in relation to Internet use are perceived by children and parents and how these styles affect children's Internet use. Both qualitative and quantitative data-collection techniques were use...

A review of economic thought since the sixteenth century reveals two streams of economic discourse, dirigisme and laissez-faire. Starting with the mercantilists, dirigiste approaches to economics embrace the real-world complexity of commodities that often differ greatly in attributes that are growthand rentaugmenting. Most importantly, this means that free trade is likely to be polarising: it c...

In the standard simple overlapping generations model with production (Diamond (1965)), the steady state competitive equilibrium level of capital under laissez-faire does not typically maximize the net production if the agents can save only in terms of capital. In particular, whenever the steady state competitive equilibrium level of capital is too high, net production and consumption can be inc...

This paper considers a model economy in which agents are privately informed about their type: their endowments of various goods and their preferences over these goods. While preference orderings over observable choices are allowed to be correlated with an agent’s private type, we assume that the planner/government is both uncertain about the nature of this joint distribution and unable to choos...