Since the collapse of the Soviet Union it has seemed to many that the socialist calculation debate is essentially over, with a decisive verdict in favor of the market. Recent instabilities in the world market are again prompting the question whether some form of conscious regulation of economies may be appropriate. We argue that the increasing power of modern computer technology along with the ...

The subject of values was once considered to lie beyond the purview of economic science. Preferences, taken as given to the agent and society, were seen as being about goods, dates of consumption, and states of the world, not about means (how to behave), or about beneficiaries other than the self. But as industrial civilization ends a turbulent century with rising anxiety over its social health...

The two defining challenges of this century are overcoming poverty and managing the risks of climate change. Over the past 10 years, we have learned much about how to tackle them together from ideas on economic development and public policy. My own work in these areas over four decades as an academic and as a policy adviser in universities and international financial institutions has focused on...

A retrospective evaluation of attitudinal, behavioural and knowledge change among diverse stakeholder groups was conducted in Limpopo Province of South Africa to assess the effectiveness of a series of values clarification (VC) interventions. Telephone and face-to-face interview (193) results revealed that over two-thirds (70.2%) reported behavioural changes and 93.2% reported increased compass...

The present study investigated the extent to which the economic beliefs of participants from eight nations (Austria, France, Greece, Israel, New Zealand, Singapore, Slovenia, and Turkey) co-varied with national differences in economic development and modernisation. We predicted and found that greater human capital is associated with more economic self-efficacy and economic satisfaction; less ci...

In order to estimate economic values of productive traits (meat, milk and wool) in Taleshi native sheep breed of Iran, records from economic parameters and performance of local Taleshi flocks were used. The economic values of traits were used to select the maximum profit estimation also to study the sensitivity rate of the model the effects of 20 percent increase / decrease in the price of milk...