Suchergebnisse

THE EFFECT OF POLITICAL CONTRIBUTIONS IS ANALYZED USING SIMPLE MICROECONOMIC TOOLS. A CANDIDATE WHO WAS CLEAR PREFERENCES OF HIS OWN HAS A LESSER APTITUDE TO BE INFLUENCED BY CONTRIBUTIONS. THE CONTRIBUTOR'S PROBLEM OF ALLOCATING FUNDS AMONG RIVAL CANDIDATES IS ANALYZED WELL.

We live in an age when the growth of the Internet has made it easier than ever to gain access to information and accumulate knowledge. But information is not the same as meaning, nor is knowledge identical with wisdom. Many people feel engulfed by a tsunami of facts in which they can find no meaning. In thirteen short, accessible chapters McGrath, author of the bestselling The Dawkins Delusion, leads the reader through a nontechnical discussion of science and faith. How do we make sense of the world around us? Are belief in science and the Christian faith compatible? Does the structure of the universe point toward the existence of God? McGrath's goal is to help readers see that science is neither anathema to faith, nor does it supersede faith. Both science and faith help with the overriding human desire to make sense of things. Faith is a complex idea. It is not a blind leap into the dark but a joyful discovery of a bigger picture of wondrous things of which we are all a part.

This paper investigates political uncertainty as a source of regulatory risk. It shows that political parties have incentives to reduce regulatory risk actively: Mutually beneficial pre-electoral agreements that reduce regulatory risk always exist. Agreements that fully eliminate it exist when political divergence is small or electoral uncertainty is appropriately skewed. These results follow from a fluctuation effect of regulatory risk that hurts parties and an output-expansion effect that benefits at most one party. Due to commitment problems, regulatory agencies with some degree of political independence are needed to implement pre-electoral agreements.

Historischer Rückblick eines Jesuiten auf vorwiegend katholische Missionierungsversuche im 16. und 19. Jahrhundert

This volume in the New Studies in Economic and Social History series examines Italy's transformation from a largely rural state in the nineteenth century to today's industrial powerhouse. At the time of unification in 1861, much of the country was backward, poor, and agrarian: few would have believed that a hundred years later Italy would become one of the seven largest industrial countries, its people among the wealthiest in the world. This process of development and structural change has generated an enormous and evolving literature, alive with controversies and compelling insights. New research and reinterpretation of existing data have led to a reevaluation of the nature of Italian Dualism, while revisions to national income accounts are modifying the traditional picture of economic growth. Jon Cohen and Giovanni Federico provide a concise, up-to-date account of this literature, highlighting new views on old issues, and signalling areas in need of further research