Is connection between income and level of happiness an illusion?

Introduction There are plenty of economic problems, which have an increasing attention every day: hunger, illiteracy, corruption, the ones that are clear how to measure and clearer how to fight, as there are policy strategies and implications developed for this. Recently, one more question has been asked: whether it's possible to measure happiness and how … Continue reading Is connection between income and level of happiness an illusion?

Is Corruption an Obstacle to Development?

Corruption can be defined as abuse of administrative authority or entrusted power to achieve personal benefits. Often, regulations and administration should be circumvented by corruption. Corruption is a topic in every country, even in the most developed ones. (Transparency International 2016, 1) The abuse of administrative power is often barely noticeable for outsiders. (Bardhan 1997, … Continue reading Is Corruption an Obstacle to Development?

Corruption as a Part of Cultural Phenomenon

Culture is always being used in many contexts, such as in means of culinary habits, art literature but here it is relevant to the collective beliefs of group of people on their behaviors, and discuss Culture is more important whenever the discussion is being held in relevance to any economic and development studies, as Max … Continue reading Corruption as a Part of Cultural Phenomenon

To what extent trust level influences income? .

Trust level as a mover of individual investment decisions and source of differences on per capita income has been investigated as a trend of last decade. In the beginning of XXI century authors were trying to explain economic indicators both on macro level and individual level by conventional approaches. Respective economists Daron Acemoglu, Simon Johnson, … Continue reading To what extent trust level influences income? .

Perception of Privacy – Different cultures and different approaches

Privacy is an important good for many people all across the planet. But there might be differences is the perception of privacy between different players. Some of those differences might be due to different cultures that people belong to. This would have several implications. First a shock in the status-quo of privacy, even though of … Continue reading Perception of Privacy – Different cultures and different approaches

The Interplay between Corruption and Terrorism

Misfortune seldom comes alone. When comparing last year's Corruption Perceptions Index by Transparency International (2016) and the Global Terrorism Index by the Institute for Economics and Peace (2016) one finds 4 mutual countries among the top 10 of each score and when expanded to the top 20, there are another 4 commonalities. Also, countries that are … Continue reading The Interplay between Corruption and Terrorism