Good decision making requires good information. To assist management in the decision process, accountants must provide accurate predictions of future costs and/or revenues. Instrumental in predicating costs and/or revenues is developing reliable prediction...
There is widespread agreement that economic understanding is important in order for people to be productive citizens and workers. There is less agreement about how economics should be taught and what concepts should be introduced at what grade levels....
Antecedents to privatizationDuring the last decade of the twentieth century a change that could be characterized as truly revolutionary has occurred in numerous countries of the former "Soviet bloc." In Hungary, scarcely ten years have passed since the...
Keeping people in prison is costly. To help defray expenses, prisoners can be required to work, but recent experience indicates little success. A look at some historical evidence about private employment of prison labor may provide insights about the...
Most of society's welfare comes not from government, but from markets. In essence, capitalism has its own built-in welfare system. Webster's Dictionary defines welfare as "the state of faring or doing well." We call it by various names, such as "well-being"...
The copyright has long been an important tool for protecting various forms of creative property. However, throughout the twentieth century, technological advancements have made it increasingly easy for people to infringe upon such property by making...
Educators explain that the optimal method of teaching is the method that most closely matches students' learning styles. This fundamental law of teaching, according to the multidimensional Dunn and Dunn Model of Learning Styles (2000), implies that,...
Throughout his career, Leland B. Yeager has extended his contributions to domestic monetary theory to the realm of international economics. While he has written in the area of pure trade theory (Yeager and Tuerck 1976, for example), his most significant...
American trade unionism is based on coercion embodied in the National Labor Relations Act (NLRA). Its authors justified the coercion on the grounds that the interests of workers and employers are naturally in conflict, that individual workers have an...