The study aimed to evaluate the effect of poor leadership, globalization, employee engagement, emotional intelligence, and technology on organizational change using a descriptive design. The findings indicated that organizational change in Tigray was unsuccessful. SEM results revealed that poor technology at 25% and emotional intelligence at 14% significantly estimated organizational change. On the other hand, change organization increased by 23% and 13% for every unit increase in employee engagement and globalization respectively. The implication is organizational change can be established by improving the above factors. This original article can contribute empirically tested new models to the research area. AcknowledgmentsWe thanked Tigray education and other sectors for they provided reliable data and none financial resources for data collection.Disclosure StatementThere is no conflict of interest regarding the financial issue and content aspect of the study.Additional informationNotes on contributorsAregawi Zeferu HadushAregawi Zeferu Hadush is at Vel Tech Rangarajan Dr. Sagunthala R&D Institute of Science and Technology, Chennai, India.M.S.R. MariyappanMariyappan Ramasamy Katheriyar is at Vel Tech Rangarajan Dr. Sagunthala R&D Institute of Science and Technology, Chennai, India.
Abstract A classic statement of the pure theory of public finance was formulated circa 45 years ago by Richard Musgrave (Musgrave 1959). He conceptualized the role of public finance as falling into three primary functions of government: (a) to provide for public goods, (b) to provide for an equitable distribution of income, and (c) to stabilize the economy. In its simplicity, this tripartite division “has been invaluable” and remains the “gold standard” in economics to this day. But is something missing? The author argues that we badly neglect distribution.
I argue that coverage caps on Federal Deposit Insurance (FDI), a vestige of the 1933-2005 era when premia were neither risk-priced nor regularly assessed, have become not only anachronistic – a bank law equivalent of the human tailbone – but dangerous. The failure of Silicon Valley Bank in early March of 2023, followed by more regional bank failures thereafter, shows why. I then show how readily uncapped, progressively tiered, risk-priced FDI can be extended to all banks in a manner lending far greater resilience, at no risk of ‘bailouts,’ to the banking sector. But far more, I argue, will come of this. By eliminating the advantage now held by ‘Big 4,’ generic TBTF Wall Street Banks, the reform will effectively undo a great deal of the 1990s, with all its attendant bank concentration, financialization, and deindustrialization. A revival of regional and sector-specific banking of this kind seems especially fitting as we embark on a grand national project of ‘Making America Make Again.’ An Appendix includes draft legislation now before both Houses of the U.S. Congress.
2023 is the 100th anniversary of the birth of Gyorgy Ligeti, widely considered among the most original composers of the latter part of the twentieth century. This essay is an account of his life and thoughts (including economics) at the Institute for Advanced Study, Berlin, 2000-01, by his next-apartment neighbor.
