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Discusses the theories of Thorstein Veblen and C. Wright Mills on status emulation and craftsmanship. Applies these theories to the business situataion, especially public administration. Concludes that, if contamination by emulatory values and behaviours can be limited, the ideal of authentic...
It has been argued that failure to enlist participation in education in developing countries cannot be attributed exclusively to insufficiency of the schools. To the extent that child schooling reflects parental capacity to invest in human capital formation, there is a need to reckon with the...
Re‐estimates the famous study by Stigler and Friedland (1962) that examines the impact of regulation on the price of electricity. Employs time‐series data in the analysis, in light of recent extensions of the Stigler‐Peltzman theory of regulation. By modelling regulatory behaviour as an...
Questions the meanings of the economic concepts which are usually taken for granted by many economics textbooks. Discusses notions of “property” (including actual, legal, private and public property), “possession”, “market”, “capitalism”, “socialism”, “communism” and “planning”, all of which are...
Discusses the privatization of state enterprises in the Russian Federation since 1992. The enterprises scheduled to be sold to the public were to be small by volume of activities and included those producing and distributing consumer goods and services. This was called “small” privatization....
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