Economic policy from an evolutionary perspective: a new approach

Article Abstract:

Hayek saw markets as producing unintended results though actions were intentional. Hayek was sceptical about the potential for economic order in imposing intended results. His central insight was that there is insufficient knowledge to carry out intervention. There is a need to redefine the economic powers of modern states. Weber's ideas of the state can help in providing a concept to analyze this issue and assess the impact of government intervention.

Economic Programs, Administration of Economic Programs, Markets (Economics), Intervention (Federal government), Federal intervention

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Soft budget constraints as commitment problems: comment

Article Abstract:

Soft budget constraints can be found in transitional economies, and the problem can be linked to information asymmetries. Government should beware of bailing out failures due to the impact on expectations.

Budget, Budgeting, Budgets, Industrial policy

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Green tax reform and two-component unemployment: double dividend or double loss?

Article Abstract:

Issues relating to taxation to achieve environmental goals are examined in detail, as is the impact on unemployment levels of such policies, bearing in mind wage flexibility and the minimum wage.

Economics, Research and Development in the Social Sciences and Humanities, Environmental aspects, Unemployment, Wages, Taxation, Minimum wage, Environmental policy

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