Several Business schools have been increasingly admitting more female candidates to bring about gender diversity on their campuses. However, only handful of business schools admit close to an equal ratio of male to female students for their MBA programme while many others have falling levels of...

The weighted-average least squares (WALS) approach, introduced by Magnus et al. (2010) in the context of Gaussian linear models, has been shown to enjoy important advantages over other strictly Bayesian and strictly frequentist model averaging estimators when accounting for problems of...

This paper uses Vincent Ostrom's treatment of government as entailing a Faustian bargain to explore some challenges that confront the research program he pursued in the theory of human association. To enable this exploration, I replace the standard resort to the law of the excluded middle with...

Careful work with concepts is a cornerstone of good social science methodology. This book, Concepts and Method in Social Science, demonstrates the crucial role of concepts, drawing on both the classic contributions of Giovanni Sartori and the writing of a younger generation of scholars. Part 1...

Most economists assume that markets depend on government to enforce contracts and rules against default or fraud. With small transactions, however, the cost to use the legal system far exceeds the value at stake in a contract, and even with large contracts, the legal system often cannot solve...

Could there be a science of economics that could be described as ìIslamicî? If so, does this imply denial of the existence of global economic laws that encompass all social systems, both Islamic and non-Islamic? This research paper aims at finding a considered and detailed answer to these two...

Economics is a very interesting subject because it analyses how human beings make choices in an effort to maximize utility. It also analyses how a society seeks to allocate their limited resources in other to achieve growth. According to Ahuja (2008), the knowledge of economics helps all...

Political risk should be front and center in the minds of business school administrators. It could well be the number one threat faced by the institutions, graver than the allegedly terrifying menaces of alternative online learning platforms and enhanced product delivery costs. For one,...

Ferraro and Taylor's (2005) finding that only 21.6% of economists could correctly answer a question on opportunity cost resulted in renewed debate over a fundamental concept. We review the lines of argument in a symposium on opportunity cost pedagogy and conclude that the confusion is due to the...