We identify the origin of the contradicting perspectives on credit creation offered by Austrian, Mainstream and Post Keynesian economists as the neglect of the primacy of such assets as goods, properties and securities, which always pre-exist any transaction and loan. We develop a unified...

In responding to the extremely weak global economy after the financial crisis in 2008, many industrial nations have been considering or have already implemented negative nominal interest rate policy. This situation raises two important questions for monetary theories: (i) Given the widely held...

The policy discourse termed flexicurity is on its way of becoming a concept. Yet, this political process bears the risk of departing from the very idea of flexicurity. This paper argues that this could be prevented if flexicurity were guided by a clear conception of human well-being. The paper...

Operationalizing the capability approach (CA) is difficult due to the conceptual challenges it poses: its multidimensionality and the role it assigns to freedom of choice for human wellbeing. Therefore the operationalizability of the CA has been questioned. Despite this, a lot of empirical...

The present study identifies and analyzes, critically evaluating, the contributions and shortcomings of the following theories, approaches and models, which are attempting to explain post factum the creation of international joint ventures in the practice: transaction costs theory and its...

This paper examines the revival of political economy in various forms in the last decades. The first part is dedicated to the evolution of the definition of the economic science to lay the foundation of a better understanding of the current use of the term “political economy”. The second...

The “Economic Metronome” (EM) is a term, used for the mathematical formula of a set of fundamental interrelations of key importance for the monetary-value expression among: the main factors of economical activity of any range; their productivity; the primary proportions in production,...

Operationalizing the capability approach (CA) is difficult due to the conceptual challenges it poses: its multidimensionality and the role it assigns to freedom of choice for human wellbeing. Therefore the operationalizability of the CA has been questioned. Despite this, a lot of empirical...

The policy discourse termed flexicurity is on its way of becoming a concept. Yet, this political process bears the risk of departing from the very idea of flexicurity. This paper argues that this could be prevented if flexicurity were guided by a clear conception of human well-being. The paper...

İlgi alanının sınırlarının dışıyla ilgisini kesmiş neoklasik iktisadın iktisadi düşünce üzerindeki belirleyiciliğini göz önüne aldığımızda iktisadi düşünceye dair yeni düşünceler geliştirme yolunda komşu sosyal bilim disiplinlerinin kaynaşmasının ne denli...