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69 result(s) for "Bryson, Phillip J"
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The economics of Henry George : history's rehabilitation of America's greatest early economist
\"Henry George was the greatest, most famous and most rejected of early American economists. Without formal education he trained himself in classical economics and developed a theory of a \"single tax\" suggestive of the work of the earlier French economistes. Academic economists of his day rejected his work, but it enjoyed great public popularity in the United States, Europe, Australia and other places. He was more widely read than any other early American economist. History has seen his rehabilitation at the hand of modern economists who have reviewed and analyzed his work in great detail. There is much specialized literature on many specific facets and aspects of George's work, but we lack a book which provides an overview of George's economics and of this historic rehabilitation. This brief book attempts to fill that gap\"-- Provided by publisher.
“State administration” vs. self-government in the Slovak and Czech Republics
In the transition experience, the Czech and Slovak Republics have made some effort to achieve fiscal decentralization. From independence to EU accession, the devolution of power designed to strengthen the autonomy of local governments according to the principles of subsidiarity have also included a reform of public administration. The nature of reform efforts and their implications for fiscal decentralization are analyzed. The failure to achieve a robust autonomy for subnational governments is due to the ongoing adherence to the notion of “state administration” as opposed to self-government in both republics.
The view from city hall: Local perceptions of intergovernmental fiscal relations in the Czech Republic
This article analyzes perceptions of inter-governmental fiscal relations as held by local officials of the Czech Republic. The field study probes local perceptions of progress toward fiscal decentralization in the Czech Republic. A statistical analysis is based on a scaling of cities according to size and according to a generalized, multi-part measure of fiscal autonomy. This measure is effective in discriminating high and low autonomy cities by size, types of expenditures, and funding sources. Cities of diverse sizes are divided into groups reflecting perceptions of greater or lesser autonomy. The implications of the findings are discussed.
User Fees in Local Finance: Performance and Potential in the Czech Republic and Slovakia
The Czech Republic and Slovakia, like other transition countries in Central and Eastern Europe, have given significant lip service to fiscal decentralization and engaged in public administration reforms. But the subnational governments of their public finance systems still lack relative autonomy, which could be addressed partly through developing independent revenue sources for their municipalities and regions. Currently, such independent revenue sources include the proceeds of a strictly nominal property tax as well as those of a small set of local user fees and taxes designed and approved by the central governments. Together they represent only about 5 percent of total municipal budget revenues. A number of market democracies have used user fees dramatically to generate revenues for local governments, a possibility that remains undiscovered in the Czech Republic and Slovakia. User fees could potentially generate badly needed revenue for the municipal and regional governments of the twin republics. The user fees and taxes currently available to the local governments of the two republics are reviewed, primarily to demonstrate their current, very limited use. The revenue implications of current fees are also addressed, revealing them as little more than nuisance fees. A discussion on the growing significance of user fees globally and their potential for the Czech Republic and Slovakia suggests the possibility for heavier use. Particular attention is paid to the question of charging user fees not only for cost recovery, but to provide some budgetary relief for hard-pressed local authorities in economic transition. A basic theory of optimal, revenue-enhancing user fees is presented.
A Survey of Perspectives on Intergovernmental Relations: A Comparative Analysis of the Czech and Slovak Republics
The results of a survey of local government officials from the Slovak and Czech Republics taken in December of 2005 are presented and analysed. Attitudes about and perspectives on intergovernmental fiscal relations in the two republics are probed. Differences and similarities in Czech and Slovak views are established regarding some of the perceptions of local autonomy and the sufficiency of available funds; whether or not public services are supplied by the appropriate levels of government; the potential benefits of adopting a serious rather than a nominal property tax; and the flexibility of local budget planning in Czech and Slovak cities and towns.
Intergovernmental Fiscal Relations in the Czech Republic
A survey of Czech local officials probes perceptions of intergovernmental relations. Perceived autonomy and municipality size are tested as autonomy indicators. The impact of city size on municipal expenditures from different funding sources is evaluated. Cross-tabulations of city size identify revenue sources for various expenditures and activities. For all expenditures, use of funds is more effectively explained by city size than by the fiscal choices of high- and low-autonomy groups. A graphic analysis of relationships between expenditures and revenue sources complements the statistical analysis. Radar charts reveal revenue sources for small versus large and low- versus high-autonomy cities.
Pricing in the New Economy: lessons from the period of the E-Commerce bubble
The New Economy increased U.S productivity sharply after 1995. The latest economics literature on the topic, which generally forecasts a secure future for the information economy, is reviewed. The down side of the New Economy were the strategies, especially the pricing strategies of NASDAQ and virtual firms. The critique of Michael Porter regarding the non-strategic price-cutting common to those firms is reviewed. Traditional models by Sweezy and Baumol, which focus on pricing in imperfectly competitive industries, are applied to provide a cogent theory as to why those firms made mistakes that were once viewed as common for neophyte industries. [PUBLICATION ABSTRACT]
The new economy is dead, long live the information economy
The arrival of the 2001-2003 recession caused many to suppose that the so-called \"New Economy\" was now defunct. This article addresses a number of related issues, including the question of the durability and viability of business cycles in the face of the technological developments of the information age. It asks what went wrong with the New Economy and examines its characteristics as well as its remaining possibilities and prospects for the future. Finally, it considers the spread of the Information Economy to Europe, especially to Germany, the country that one might expect to be the leading European player, but which is not at present actually a strong competitor for that role. [PUBLICATION ABSTRACT]
Economy and 'New Economy' in the United States and Germany
The US economy's continuing strong performance has established new parameters and possibilities for economic success, even to the extent that many believe they have discovered a \"New Economy\". The service-oriented economy, now based on information and other technologies, has undergone changes so sweeping that the very nature of economic activity seems to be based upon new rules. The expression \"New Economy\" is used inconsistently. This article reviews the driving forces of the US boom of the 1990s, examining the changes introduced in the period and before, focusing on the IT sector and new technologies. The \"New Economy\" is not just the new sectors, but changes in the overall economy emanating from them. These changes will not evaporate in an economic slowdown. Comparisons of the US with Germany and Europe illustrate that the \"New Economy\" will also continue to develop there on the foundations already laid.
Fiscal Decentralisation in Economic Transformation: The Czech and Slovak Cases
The successful economic transformation of the former Soviet Union and Soviet bloc cannot yet be taken for granted. The private sector in the Czech and Slovak Republics has gradually gained strength, building slowly upon improvements brought about by privatization.