Since the seminal work of Adam Smith, markets have been considered an efficienttool for co-ordinating the behaviour of economic agents. The basic characteristicof a market economy is that the complex system of interaction amongindividuals is not centrally coordinated. Under the assumption of...

The aim of this contribution is to examine how the French and theGerman positions on agricultural policy have developed since thefoundation of the EEC and what the driving forces were behind. The“general consensus” underlying the EEC treaty, and according towhich the common market would be...

A multiperiod programming model was used to simulate the effects of lower marginal income tax rates, the soil and water conservation deduction, and the cash tax accounting option on firm growth for a "representative" farm operating in the Alabama Black Belt region. Results show the lowered...

Der Transformationsprozess Russlands von einer zentralstaatlich geplanten Volkswirtschafthin zu einer Marktwirtschaft nach westlichem Vorbild liefert eine aufschlussreiche Fallstudieüber die von William Baumol (1990) vertretene These der institutionellen Steuerbarkeit vonproduktivem...