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Articles 1 - 9 of 9
Full-Text Articles in Social and Behavioral Sciences
The Balanced Scorecard: An Intentional Academic Fraud?, David Randall Jenkins
The Balanced Scorecard: An Intentional Academic Fraud?, David Randall Jenkins
David Randall Jenkins
The Kaplan and Norton 1992 Balanced Scorecard was intentionally structured to aid an Informal Capital Market Cartel in search of the next John Maynard Keynes.
Workers’ Remittances And Real Exchange Rate In Bangladesh: A Cointegration Analysis, Mamta B. Chowdhury, Fazle Rabbi
Workers’ Remittances And Real Exchange Rate In Bangladesh: A Cointegration Analysis, Mamta B. Chowdhury, Fazle Rabbi
Fazle Rabbi
Workers’ remittances have an ever important role as one of the major sources of foreign exchange earnings for the Bangladesh economy. It accounts for over 12 per cent of GDP in 2010 and having colossal socio economic implications for the country. Using Cointegation an Error Correction model, this paper attempts to contribute to the literature by investigating the effects of increasing flow of remittances on the real exchange rate of the country. Our results suggest that the influx of workers’ remittances significantly appreciating the real exchange rate by lowering the relative prices tradables to nontradables of the country compared to …
Economic Parameters Of An Ideal Society, Subhajit Kumar Ganguly
Economic Parameters Of An Ideal Society, Subhajit Kumar Ganguly
Subhajit Kumar Ganguly
The issues regarding the functioning and growth of an ideal economic society is the subject of investigation here. One basic guideline for such a society is that it must have total control over its economics and that money cannot drive such a society from pillar to post. The equal right of every individual over the basic amenities to live and grow and equal right of every individual over the resources, ensuring no misuse of the society's resources may be taken care of by controlling the market through a control-parameter, decided upon by the society.
Antitrust Class Certification: Towards An Economic Framework, Bret M. Dickey, Daniel L. Rubinfeld
Antitrust Class Certification: Towards An Economic Framework, Bret M. Dickey, Daniel L. Rubinfeld
Bret Dickey
No abstract provided.
Collective Choice, Justin Schwartz
Collective Choice, Justin Schwartz
Justin Schwartz
This short nontechnical article reviews the Arrow Impossibility Theorem and its implications for rational democratic decisionmaking. In the 1950s, economist Kenneth J. Arrow proved that no method for producing a unique social choice involving at least three choices and three actors could satisfy four seemingly obvious constraints that are practically constitutive of democratic decisionmaking. Any such method must violate such a constraint and risks leading to disturbingly irrational results such and Condorcet cycling. I explain the theorem in plain, nonmathematical language, and discuss the history, range, and prospects of avoiding what seems like a fundamental theoretical challenge to the possibility …
Collective Choice, Justin Schwartz
Collective Choice, Justin Schwartz
Justin Schwartz
This short nontechnical article reviews the Arrow Impossibility Theorem and its implications for rational democratic decisionmaking. In the 1950s, economist Kenneth J. Arrow proved that no method for producing a unique social choice involving at least three choices and three actors could satisfy four seemingly obvious constraints that are practically constitutive of democratic decisionmaking. Any such method must violate such a constraint and risks leading to disturbingly irrational results such and Condorcet cycling. I explain the theorem in plain, nonmathematical language, and discuss the history, range, and prospects of avoiding what seems like a fundamental theoretical challenge to the possibility …
A Global Currency For A Global Economy: Getting From Here To There, Warren Coats
A Global Currency For A Global Economy: Getting From Here To There, Warren Coats
Warren Coats
In this paper Dr. Warren Coats proposes stabilizing the value of money by linking it to an independently defined unit of account with a relatively constant real value. A common unit of account would lower the cost of trading by reducing transaction and information costs and would increase world trade and improve the efficiency of international resource allocation. The unit he suggests, a commodity basket, would not have the shortcomings that afflict the gold standard-gold's fluctuating relative value. The link between money and this unit that he suggests, fixing the value of a unit of money in terms of the …
Editorial: Contemporary Issues In Global Economy And Policy Analysis, Sushanta Mallick, Srijit Mishra
Editorial: Contemporary Issues In Global Economy And Policy Analysis, Sushanta Mallick, Srijit Mishra
Srijit Mishra
No abstract provided.
Combining Multiple Climate Policy Instruments: How Not To Do It, Jisung Park
Combining Multiple Climate Policy Instruments: How Not To Do It, Jisung Park
Jisung Park
Putting a price on carbon is critical for climate change policy. Increasingly, policymakers combine multiple policy tools to achieve this, for example by complementing cap-and-trade schemes with a carbon tax, or with a feed-in tariff. Often, the motivation for doing so is to limit undesirable fluctuations in the carbon price, either from rising too high or falling too low. This paper reviews the implications for the carbon price of combining cap-and-trade with other policy instruments. We find that price intervention may not always have the desired effect. Simply adding a carbon tax to an existing cap-and-trade system reduces the carbon …