The Turkish pension system began experiencing some structural and fiscal difficulties in the mid-1990s: increasing dependency ratio (e.g., number of beneficiaries per active contributors) and budget ...

Journal of Post Keynesian Economics, Vol. 35, No. 3 (SPRING 2013), pp. 319-340 (22 pages) This paper presents a critical review of the neoclassical pricing models and assumptions used to valuate the ...

Historical studies are enlivened by court intrigues, gossip and warfare. Language studies introduce students to rich literary traditions. The study of science or engineering offers the potential for ...

Should the Federal Reserve emulate Canada in respect to the central bank's operating system? Marc Lavoie, a professor of economics at the University of Ottawa and the author of a recent article on the ...

Among the many strange, unforeseen changes of the last year is a new respect for Keynesian economic theory. Practically everyone in power now agrees that deficit spending produces GDP growth. They ...