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Vol. 17 No. 2 (Winter, 2001)
Former Czech Prime Minister Vaclav Klaus looks back on the past ten years of postcommunist transition from a command to a market economy, and look ahead with some apprehension as the Czech Republic prepares to join the European Union.
Interpretation of the libertarian first principle- a belief in individual freedom- presents a difficult philosophical choice between two quite different societies, and there is no third way, theoretically speaking. Libertarians must bite one bullet or another.
Corporate social responsibility (CSR) is an appearling concept, but the current widely-held doctrine of CSR is deeply flawed. It rests on a mistaken view of issues and events, and its adoption by businesses would reduce welfare and undermine the market economy.
The world ‘stakeholder’ is an unsubtle play on ‘stockholder’, implying an entitlement not unlike ownership. But if good corporate governance is about maximising shareholder value, then stakeholder theory seems bound to distract managers and directors from achieving this end.
Basic Economics: A Citizen’s Guide to the Economy by Thomas Sowell (Basic Books, 2000.) In the non-technical introduction to economics, steeped in the Austrian evolutioanary-institutionalist tradition, American economist Tom Sowell tackles head-on populist misconceptions about, and postmodern criticisms of, economics.
Why New Zealanders Are Voting with Their Feet: People decide to migrate on the basis of push and pull factors, in which an overall judgment of whether a country is going in the right direction is an important element. The current outflows of people from New Zealand suggest that policymakers have taken a wrong turn.
A bill of rights would unduly politicise the judiciary by turning judges into policymakers. The main benificiaries would be lawyers, who profit from the legal fees it generates, and the criminals who manage to escape imptisonment on the grounds of a technicality.
Cyberselfish by Paulina Borsook (Perseus Book Group, 2001.)
The Representation of Business in English Literature introduced and edited by Arthur Pollard (Institute of Economic Affairs, 2000.)
The Emergence of ‘Brand Name’ Capital: The falling costs of information and communication technologies make it increasingly easy for individuals to compare the quaslity of money and therefore to choose whatever currency they wish to use as a medium of exchange and as a store of value- if governments let them.
Contrary to widespread belief, the real value of low incomes in Australia has risen while the proportion of people living below the poverty line has fallen.
Guide to the Perfect Latin American Idiot by Plinio Apuleyo Carlos, Alberto Montaner and Alvaro Vargas Llosa, Introduction by Mario Vargas Llosa (Madison Books, 2000.)
Creating Unequal Futures: Rethinking Poverty, Inequality and Disadvantage Edited by Ruth Fincher and Peter Saunders (Allen & Unwin, 2001.)
Safe Enough? Managing Risk and Regulation Edited by Laura Jones (The Fraser Institute, 2000.)
The Riddle of the Modern World by Alan Macfarlane (Macmillan Press Limited, 2000.)
Author Christopher Sheil takes exception to Gary Sturgess’ review of his book Water’s Fall: Running the Risks with Economic Rationalism; and Sturgess responds.
Arts and Economics: Analysis and Cultural Policy by Bruno S. Frey (Springer Verlag, 2000.)
In Defence of Globalisation by Keith Suter (UNSW Press, 2000.)
An Economic Fable. Candlemakers lobby the French parliament for a law requiring the closing of ll blinds to block out sunlight and stimulate the domestic candle industry.
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