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Nobody concerned with political economy can neglect the history of economic doctrines. Structural changes in the economy and society influence economic thinking and, conversely, innovative thought structures and attitudes have almost always forced economic institutions and modes of behaviour to adjust. We learn from the history of economic doctrines how a particular theory emerged and whether, and in which environment, it could take root. We can see how a school evolves out of a common methodological perception and similar techniques of analysis, and how it has to establish itself. The interaction between unresolved problems on the one hand, and the search for better solutions or explanations on the other, leads to a change in paradigma and to the formation of new lines of reasoning. As long as the real world is subject to progress and change scientific search for explanation must out of necessity continue.

Tourism satellite accounts (TSA) are important tools for demonstrating the economic impact of tourism on a country and state level. A regional TSA (RTSA) offers the statistical groundwork for theoretical as well as practical users to underpin their own statistical evaluations and analyses, providing a regionalised view of consumption by tourists. This paper aims to extend TSA with respect to the indirect effects of tourism and the leisure demand of residents in their usual environment.

The study is based on the recommended framework for TSA‐building. The case study of Vienna will demonstrate the valuable information of a RTSA as city tourism is a very complex phenomenon and this impact is difficult to capture.

For 2006, the TSA method found that tourism made €1.36 billion in direct value added to Vienna's economy, or a share of 1.9 per cent of the Viennese gross regional product. Considering the direct and indirect effects of tourism a total value‐added of €4.05 billion for Vienna in 2006 is obtained. According to this figure, tourism contributed 5.7 per cent to the overall regional gross value added in Vienna. In taking an overall look at the expenditure on leisure‐time consumption and in the non‐usual environment (tourism), it is found that Vienna contributes €8.11 billion or 11.5 per cent to the gross regional product.

This paper is one of the first papers about building a TSA for a city. Vienna was the first state to commission a regional TSA (RTSA), followed by Upper and Lower Austria.

The purpose of this research paper is to prove the superiority of a two‐stage data envelopment analysis compared to a one‐stage approach in measuring a football club's efficiency. Moreover it provides best practice benchmarks for the research sample which supports football officials to orient themselves to the right clubs.

A non‐parametric two‐stage data envelopment analysis for the seasons 2006/07 to 2008/09 is introduced to measure the efficiency of English Premier League football clubs from an off‐field and an on‐field perspective. The results are compared with those of the traditional one‐stage data envelopment analysis approach to identify insufficiencies of the latter.

The results show evidence that different conclusions derive from either the one‐ or the two‐stage approach with the threat of potential misinterpretations in the case of the former. Furthermore, this study provides football clubs with information to focus on specific efficiency‐enhancing strategies at the individual stages of the production process and therefore acts as a supportive tool for the football club officials for setting corrective actions if inefficiencies are identified.

The present article provides a foundation for future studies in other football leagues as well as for an intertemporal analysis which evaluates the efficiency of a club on a yearly basis.

This is the first paper that introduces a two‐stage data envelopment analysis approach in football research. It has proven that it can identify sources of inefficiencies more accurately than a one‐stage data envelopment analysis and provides football officials with valuable information about their club.

A collection of essays by a social economist seeking to balance economics as a science of means with the values deemed necessary to man′s finding the good life and society enduring as a civilized instrumentality. Looks for authority to great men of the past and to today′s moral philosopher: man is an ethical animal. The 13 essays are: 1. Evolutionary Economics: The End of It All? which challenges the view that Darwinism destroyed belief in a universe of purpose and design; 2. Schmoller′s Political Economy: Its Psychic, Moral and Legal Foundations, which centres on the belief that time‐honoured ethical values prevail in an economy formed by ties of common sentiment, ideas, customs and laws; 3. Adam Smith by Gustav von Schmoller – Schmoller rejects Smith′s natural law and sees him as simply spreading the message of Calvinism; 4. Pierre‐Joseph Proudhon, Socialist – Karl Marx, Communist: A Comparison; 5. Marxism and the Instauration of Man, which raises the question for Marx: is the flowering of the new man in Communist society the ultimate end to the dialectical movement of history?; 6. Ethical Progress and Economic Growth in Western Civilization; 7. Ethical Principles in American Society: An Appraisal; 8. The Ugent Need for a Consensus on Moral Values, which focuses on the real dangers inherent in there being no consensus on moral values; 9. Human Resources and the Good Society – man is not to be treated as an economic resource; man′s moral and material wellbeing is the goal; 10. The Social Economist on the Modern Dilemma: Ethical Dwarfs and Nuclear Giants, which argues that it is imperative to distinguish good from evil and to act accordingly: existentialism, situation ethics and evolutionary ethics savour of nihilism; 11. Ethical Principles: The Economist′s Quandary, which is the difficulty of balancing the claims of disinterested science and of the urge to better the human condition; 12. The Role of Government in the Advancement of Cultural Values, which discusses censorship and the funding of art against the background of the US Helms Amendment; 13. Man at the Crossroads draws earlier themes together; the author makes the case for rejecting determinism and the “operant conditioning” of the Skinner school in favour of the moral progress of autonomous man through adherence to traditional ethical values.

Since the 1950s, the unifying epistemological perspective in American public administration has been logical positivism, most notably as defined and promoted by Herbert Simon. In recent years, logical positivism has been under attack for limiting inappropriately the scope of inquiry within the field, forcing it to ignore important, value‐laden issues critical to government and the public sector. The willingness to address value‐laden issues was at the core of what was to become the field of public administration in the early twentieth‐century. This article examines the philosophical roots of logical positivist movement, its dramatic effects upon public administration, and the subsequent counter attacks on the movement. The article concludes that although logical positivism’s attack on public administration initially weakened the field, as a result practitioners and scholars were eventually to demand increased rigor and higher standards of inquiry for research in the field.

Beginning in the late 1940s, classical Public Administration was challenged by the works of Herbert Simon and the movement he started, logical positivism. Although only writing in the field for a few years, Simon shifted the locus and focus of the field so dramatically, for a time it almost disappeared from view. This article examines Simonʼns legacy, first by exploring its philosophical antecedents and its later epistemological progeny. The article concludes with an assessment of how the field of Public Administration responded to Simonʼns challenge in the late twentieth century and now, early in the twenty first century.

The purpose of this paper is to present an empirical assessment and outline issues in criminal regulation relating to international anti‐money laundering (AML) programs.

In the first part, this paper outlines the serious threats posed by transnational laundering operations in the context of economic globalization, and calls for highly co‐ordinated international responses to such a crime. The second part of the paper centres on elements of international criminal regulation of ML.

The focus is on the phenomenological aspect of ML and highlights that to a large extent it is an economic issue. Economic analysis calls for an accurate legal response, with typical trade‐offs: it should deter criminals from laundering by increasing the costs for such illicit operations, calling for enhanced regulatory and enforcement activities; however, stronger enforcement yields increased costs and reduces privacy. These features have lately inspired the recent paradigm shift from a rule‐based regulatory framework to a risk‐based approach which still represents an extremely delicate regulatory. Both at the international level and within the single domestic legal system, AML law is typically characterised by a multidisciplinary approach combining the repressive profile with preventive mechanisms: an empirical evaluation of the International Monetary Fund‐World Bank AML program is presented, where these two aspects are assessed. The non‐criminal measures recently implemented under the auspices of the main inter‐governmental public organisations with competence in these fields seem to be consistent with the insights of economic analysis. However, some key criminal issues need to be better addressed.

The paper offers insights into international AML programs, focusing on criminal regulation.

This paper aims to argue that Economics is not a neutral science.

Post-structuralist perspective of Lyotard (1984), alongside the Pragmatics of Searle (1979) and Travis (1981) are useful for analyzing enunciations in mainstream Economics.

Economists use illocutionary acts expressed in formal language to achieve perlocutionary effects. Because of the importance attached to objectivity in mainstream Economics, the use of artificial languages is preferred to natural language. However, formal language is preferred regarding its perlocutionary effects on economists' community.

This paper puts together the Continental and the Analytical Philosophy and show, in an original manner, how their intersections and how they can be useful to better understand the epistemology of Economics.

This monograph is on developments and trends in vocational education and training in Europe. An overview is given of what is being planned in Western Europe. This is illustrated by a detailed description of the educational systems of a selection of EC and non‐EC countries (Austria, Denmark, France, Germany, Holland, Sweden and Switzerland), followed by discussion of the current provision for vocational education and training within those systems and also in commerce and industry. Also provided are additional information on the work of CEDEFOP and of the European Commission, further reading, useful addresses and a glossary of some European language vocational education terms.

After a clarification of definitions important in methodological discussions, a brief history of early methodological thought in economics and political economy is presented. The development of “orthodox” methodology is traced, and the fundamental assumptions underlying neoclassical economic methodology are enumerated. Philosophical positions – both critical of and sympathetic to the orthodox assumptions – are presented. In addition, the advantages and disadvantages of various heterodox positions are surveyed. Throughout the paper, methodological justifications for the emphasis on primarily deductive, complex mathematical models in contemporary economics as practiced in the USA – especially in light of the relevance and importance of primarily verbal, interpretive methodologies in the realm of applied and policy‐oriented economics – are examined.