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?
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?
The Impact of pension systems on fertility rates: A lesson for developing countries? Does a change in age structure influence economic growth? Right now in a lot of developing countries the demographical change is supporting the economical growth. Responsible for this is the growing working-age population, which is growing faster than the number of consumer … Continue reading Children as a pension plan
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
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? .
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 time between 1690 and 1730 is known as the golden age of piracy. Especially in the Caribbean regions pirates got encouraged to seize mainly Spanish ships and cargo. So did the English queen grant many letters of marque to pirates. But after the war of the Spanish succession some pirates kept on seizing ships … Continue reading Let´s talk about maritime piracy
A long time ago our capability of realizing a danger meant knowing the difference between life and death. At that time we had to choose whether we are going to eat a squirrel right now or to wait for a deer one week or even more. Our brain learned that it is wiser to pick … Continue reading Why are we always losing money and there’s nothing we can do about it?
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
"A man's word is his honor." "Better to die ten thousand deaths than wound my honor." "A hundred years cannot repair a moment's loss of honor." If you have heard these wise sayings as a child multiple times, then there is a high chance that you are familiar with the message the phrases are striving … Continue reading The Culture of Honor vs. Economic Growth