What do economists understand about the economy if they do not understand the profit phenomenon? Next to nothing. Therefore, the very first task in theoretical economics is to clarify the difference between profit and wage income and their respective determinants. It was Ricardo who tackled the...

For a host of compelling methodological reasons, homo oeconomicus has to be replaced. This is consensus, the open question is how this could be accomplished. What is required first is the separation of the formal foundations into a structural and a behavioral part. This paper introduces the...

The present paper takes the explanatory superiority of the integrated monetary approach for granted. It will be demonstrated that the accounting approach could do even better provided it frees itself from theoretically ill-founded notions like GDP and other artifacts of the equilibrium approach....

This paper describes aspects of the majority judgment in an election. The majority judgment is a method of election which is a new theory in social choice where voters judge candidates instead of ranking them. The paper emphasize on the works of Michel Balinski and Rida Laraki majority judgment...

The main aim of this paper is to investigate some policies that would influence people to drive fewer miles and to buy smaller cars, use better pollution control equipment, and cleaner fuel. An attempt has been made to quote the vehicle tax rates of Bangladesh. Despite technological advances,...

This paper is about human rights in Bangladesh and stresses on the period of 2009 to 2012. Bangladesh is a Parliamentary Democratic and densely populated country in South Asia. Human rights are parts and parcel in a democratic country. In a country if human rights are violated then the country...

This paper discusses women’s rights and violence of women in Bangladesh. Bangladesh is poor, and developing country of the world and most of the people are illiterate and ignorant. Women are not conscious about their rights, so that the oppressions against women are frequent matters here. The...

Standard economics rests on behavioral assumptions that are formally expressed as axioms. With the help of additional assumptions like perfect competition and equilibrium a price vector is established that displays a host of desired properties. This approach is tightly stuck in a cul-de-sac....

The existence proof of general equilibrium, which is based on subjective-behavioral axioms, is replaced by the existence proof of a final turning point, which is based on objective-structural axioms. The final turning point is characterized by an irreversible switch from profits to losses for...

Ethiopia is considered to be one of the oldest nations in the world but at present its socio-economic condition is not satisfactory. It is the second most populous country in Sub-Saharan Africa. It is rated the poorest and most heavily indebted countries of the world, ranked last out of 208...