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Coase and the Economics of Crime
Coase Economics Crime
2009/7/23
“The problem of social cost” is a major piece of Coase’s legacy. It constitutes the
foundation of the neo-institutionalism movement. This article tries to provide a solution
to situations characteri...
Austrian Economics and the Political Economy of Freedom
Austrian Political Economy Freedom
2009/7/23
The revival of the modern Austrian School of economics may be said to
have begun 30 years ago. In 1974 the Austrian School had been on hiatus for almost a
quarter of a century. For more than 60 year...
Murray Rothbard offered a twofold defense of the unhampered market
economy. He argued that it upholds natural rights and promotes the life and flourishing
of persons more fully than any other social...
Economics Research at the EUROPAEUM.
The European Union 50 Years On: Modelling Economics and Politics of European Integration
European Union Modelling Economics
2009/7/17
The European Union 50 Years On: Modelling Economics and Politics of European Integration.
On the Essential Multidimensionality of an Economic Problem: Towards Tradeoffs-Free Economics
Tradeoffs multiple criteria decision making tradeoffs-free optimization
2009/7/17
The foundation of welfare economics is the assumption of Pareto-efficiency and its concept of tradeoffs. Also the production possibility frontier, efficiency frontier, nondominated set, etc., belong ...
RESULTS OF A SURVEY OF GRADUATE COURSES IN APPLIED WELFARE ECONOMICS
RESULTS OF A SURVEY GRADUATE COURSES APPLIED WELFARE ECONOMICS
2014/4/11
In the Fall of 2008 I surveyed the web sites of 73 universities (offering degrees in agricultural economics according to the American Applied Economics Association) in North America (Canada and the U...
History-Oriented Economics in Kyoto
Kyoto economics Japanese Political Economy Historical consciousness
2009/5/7
In this article, the first half-century of economics at the Kyoto University is reviewed from the viewpoint of the ‘history orientation’ of economics. From the 20th century onward, Kyoto rapidly grew...
Doves and hawks in economics revisited. An evolutionary quantum game theory-based analysis of financial crises
Doves hawks evolutionary quantum game theory-based
2010/11/1
The last financial and economic crisis demonstrated the dysfunctional long-term effects of aggressive behaviour in financial markets. Yet, evolutionary game theory predicts that under the condition of...
In this paper, we present theorems specifying the critical values for series associated
with debts arranged in the order of their duration.
Global Economics of Nutrient Cycling
Crop production economics land requirement livestock manure nutrient cycling
2009/1/8
This paper briefly discusses global human requirements of protein nitrogen (N) from crops and animals, and then estimates the need for fertilizer N as a function of N use efficiency, and the recycling...
Economics does not need a scientific revolution. Economics needs accurate measurements according to high standards of natural sciences and meticulous work on revealing empirical relationships between ...
Scale Invariance, Bounded Rationality and Non-Equilibrium Economics
Scale Invariance Bounded Rationality Non-Equilibrium Economics
2010/10/29
We study a class of heterogeneous agent-based models which are based on a basic set
of principles, and the most fundamental operations of an economic system: trade and
product transformations. A bas...
From Physics to Economics: An Econometric Example Using Maximum Relative Entropy
econophyisics econometrics entropy maxent bayes
2010/10/29
Econophysics, is based on the premise that some ideas and methods from physics can be applied to economic situations. We intend to show in this paper how a physics concept such as entropy can be appli...
Professionalization and the Spread of Marginalist Economics in the United States
J. B. Clark I. Fisher professionalization of economics
2010/12/7
This paper examines the manner in which the professionalization of economics in the United States, which intensified in the late nineteenth century, affected the spread of marginal economics. Focusing...