Of any group of ancient or medieval thinkers it is the Talmudic writers who came closest to the thought world of the modern human capital theorists. The only other group which might be considered in this regard is the one comprising the jurists of ancient Rome. However, the insights of the...

In any environment which allows for individual and group enterprise, some degree of risk as well as elements of uncertainty and expectation will be features of virtually every human endeavour. These three decision‐making categories are especially relevant where business enterprise is...

Since the 1960s, the concept of “human capital” has become an increasingly familiar idea for modern economists. Analysis related to this concept has had significant applications with respect to issues concerning the supply of labour and its remuneration. The applications have also gone...

It is by now a foregone conclusion that the Talmudic sages possessed a remarkable knowledge and understanding of highly sophisticated economic laws and practices. In fact, as far back as 1911, the eminent economist and scholar, Werner Sombart, had expressed his deep admiration for their high...

Modern “game theory”, unlike the Talmudic game method, is a highly advanced analytical tool, both in sophistication as well as in application. Nevertheless, the game as such, whether of chance or strategy, has been practised from time immemorial, including by the ancient Hebrews. It is...

Seeks to demonstrate that the Talmudic scholars possessed theoretical knowledge and practical experience regarding the market phenomenon of business disturbances, recognizing the existence of a causal relationship between the physical determinants of the cycles of the weather patterns and the...

Attempts to analyse some of the aspects of economic time as presented in biblical and apocryphal sources, and as debated in the Talmudic tomes. Also asks, what is time and what is its social significance? The notion of time and its proper utilization is a major topic of discussion and...