ESIC MARKET Economic and Business Journal

10.7200/esicm ◽  
2020 ◽  
Keyword(s):  
Market Economic ◽  
Business Journal

Institutionalizing the Liberal Creed

2017 ◽  
Author(s):  
Ronen Mandelkern
Keyword(s):  
Political Influence ◽  
Institutional Entrepreneurship ◽  
Political Decision ◽  
Economic Liberalism ◽  
Market Economic ◽  
Ministry Of Finance ◽  
Political Entrepreneurs ◽  
Long Term Trend ◽  
Political Decision Making

This chapter analyzes the role Israeli economists have played as purveyors of pro-market economic ideas and political entrepreneurs of economic liberalization in Israel. Israeli economists were strongly committed to economic liberalism already in the 1950s, but they were lacking decisive political influence. Two mechanisms increased their power over policy. First, long-term institutional changes gradually eroded “political” decision-making mechanism and opened the way to greater involvement of professional economists. This long-term trend was joined and reinforced by economists’ institutional entrepreneurship at the height of the 1980s economic crisis, when they initiated changes of macroeconomic governance. These changes enhanced the political power of the Ministry of Finance and the Bank of Israel and supported the institutionalization of neoliberalism in Israel.

Market, timber pricing, and forest management

2010 ◽  
Vol 86 (5) ◽  
pp. 580-588 ◽  
Author(s):  
Shashi Kant
Keyword(s):  
Forest Management ◽  
Economic Efficiency ◽  
Sustainable Forest Management ◽  
The United States ◽  
Residual Value ◽  
Market Economic ◽  
Geographical Regions ◽  
Optimal Mix ◽  
Optimal Resource ◽  
Social Optimality

Some resource economists and policy-makers believe that market mechanisms in general and timber pricing through auctions specifically are the only solutions for forest management in Canada. In this paper, simple economic concepts of market, economic efficiency, and social optimality are discussed, and the specific features of forest resources and sustainable forest management and their implications for optimal resource allocation through the market are highlighted. Economic theory behind competitive timber pricing in two geographical regions is presented to demonstrate that in a competitive setting, the prices of timber need not be the same in the two regions. Timber pricing mechanisms used by different countries are summarized, and auctions, their limitations, and some important outcomes of timber auctions by the United States Forest Service are discussed. Market performances of residual value and auction-based timber pricing are compared. On the basis of these discussions, it is inferred that sustainable forest management cannot be achieved either by the market or by government-controlled mechanisms only. An optimal-mix of the market and government-controlled mechanisms is the only answer to achieve sustainable forest management. Key words: auction, Canada, economic efficiency, market, residual value, social optimality, sustainable forest management, timber pricing

Unma(s)king Education in the Image of Business: A Vivisection of Educational Consumerism

2017 ◽  
Vol 17 (4) ◽  
pp. 333-346 ◽  
Author(s):  
Roy Schwartzman
Keyword(s):  
Higher Education ◽  
Free Market ◽  
Promotion And Tenure ◽  
Improve Efficiency ◽  
Market Economic ◽  
University Life ◽  
Critical Autoethnography ◽  
Personal Perspectives ◽  
Tenure Process

Configuring students as consumers and higher education as a commodity have been widely suggested as ways to empower students and improve efficiency. This critical autoethnography challenges the assumptions and implications of modeling education after free market economic principles. Personal perspectives on the promotion and tenure process, students confronting the marketplace, and exemplary mentoring accompany poetic reflections on market-infused university life.

scholarly journals A time series analysis of determinants of FDI in Afghanistan: Which one matters the most, security or economic growth?

2018 ◽  
Vol 6 (2) ◽  
pp. 19
Author(s):  
Abdul Fareed Delawari
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Foreign Direct Investment ◽  
Time Series Analysis ◽  
Direct Investment ◽  
Economic Factors ◽  
Market Economic ◽  
The Government ◽  
The Relationship

Afghanistan has been practicing market economic system since 2002. Since then, the government has been initiating different policies and announced various incentives to attract foreign direct investment (FDI) to the country. However, the outcome has not been satisfactory due to several political and economic factors. This paper explores the relationship between security, economic growth and FDI in Afghanistan, using ARDL model. The paper covers a period from 2002 to 2016. The empirical results of this study show that there is a negative long-term relationship between security and FDI. Hence,  the author concludes that, to attract FDI to the country, insuring security should be the top priority of the government of Afghanistan.

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