Francois Melese

François Melese is professor of economics and deputy executive director of the Defense Resources Management Institute (DRMI) at the Naval Postgraduate School in Monterey, California.

Articles

Free Market Francois Melese

Performance budgeting (PB) is the newest strategy to make the public sector work. Yet as with other similar strategies, PB is fundamentally flawed. Without a system of profit and loss, a bureaucracy not only has trouble motivating its employees; it can't determine the value of what they are doing in the first place.

Free Market Francois Melese

Scrooge came in the form of government last year. The company Bill Gates built into the planet's leading money machine is still the target of a federal probe and a senate inquiry. The charge: anti-competitive behavior.

Free Market Francois Melese

Corruption breeds poverty. That is the conclusion of the latest World Development Report, in which the World Bank cites "evidence that higher levels of corruption are associated with lower per capita income" (World Bank, 2002). The story told is that bribes raise the costs of doing business, so more corrupt countries attract less foreign direct investment, which lowers growth rates and per capita incomes.