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A crosssection of 1980 US data on the prison population and itsrate of inflow is examined. Regression analysis is used to investigatethe impact of prison overcrowding, race, crime and unemployment on theabove variables. Racial composition and overcrowding are found to havesignificant positive...
The outstanding economic growth of several East Asian countries hasattracted world attention. Many observers have attributed the success ofthese Confucian countries to their common cultural values, such asrespect for authority, loyalty to good leaders, preference for order,hard work, thrift and...
It is basically argued that, as the world economy progresses andthe means of transportation and communication become increasinglyavailable, the interdependence among means and ways of life also becomesinevitable and human relations tighten accordingly. However, thoughevery individual tends to...
Wage reform is an important aspect of Chinese economic reform. Thesuccess of wage reform is likely to depend upon the followingunderstanding Neither use of the efficiencyoriented market wage systemnor use of the equityoriented planned wage system can solve the dualproblem of economic growth and...
This article focuses on a set of issues concerning unemploymentinsurance costs. The effect on unemployment insurance costs of variablesunder the control of the state legislature, such as the maximum benefitamount paid per week to unemployed workers, is analysed, as are theproblems of abusing the...
The objective of this essay is to recast the familiar subjectivevalue theory underlying neoclassical including Austrian economics asmore of an objectivist albeit individual value theory. The body ofscientific economics remains intact, as well as the political economicimplication of value...
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