For centuries, many scientists, many disciplines focused on how people make decisions. These approaches tend to be incompatible, if not orthogonal most case. In this article we attempt to give guidelines to a modeling approach, that will allow the description of a human "state vector", which can...

The research into the effectiveness of financial aid is gaining momentum lately. Some say it is ineffective, some say it could be effective, but all seem to agree that some of its aspects are currently unmapped. This article aims at showing a rather simplistic agent-based model that might hint...

The issue of modelling international financial aid to underdeveloped countries baffled economists for decades. The initial assumptions (that outside aid could help bolster up the internally insufficient investment, thus helping economic growth) were statistically proven wrong; most of the...

Purpose – The purpose of this paper is to present a “human ecology economics (HEE)” framework for understanding economic growth and development challenges in Eastern Europe. Design/methodology/approach – The HEE approach relies on evolutionary and complex systems processes; it expands...

Purpose – The purpose of this paper is to present a “human ecology economics (HEE)” framework for understanding economic growth and development challenges in Eastern Europe. Design/methodology/approach – The HEE approach relies on evolutionary and complex systems processes; it expands...