Some of the recent empirical studies relate economic growth and prosperity with religion. This paper raises the question that if economic systems are based on individualism and selfishness, can they be related with religion? The paper also finds that the Secularization hypothesis of Western...

Prepublication version of article that appeared as Zarembka, P (ed) Economic Theory of Capitalism and its Crises, Research in Political Economy 17, pp241-48. Stanford, CT: JAI Press. http://www.elsevier.com/wps/find/bookdescription.cws_home/621298/description#description This article formed part...

Economics, with its promise of a human life without sacrifice, in late modernity age, is a great way to escape from the contagion of interpersonal relations. Crisis that our market-societies are suffering, are essentially relational crisis. They are originated by the great illusion that the...

At present, the national accounts in most countries are compiled on the basis of concepts and classifications in international guidelines. In this paper, we trace the roots of these guidelines, compare the subsequent quidelines and discuss also alternative accounting systems like extended...

Fuzzy logic and genetic algorithms are used to rework more realistic (and more complex) models of competitive markets. The resulting equilibria are significantly different from the ones predicted from the usual static analysis; the methodology solves the Walrasian problem of how markets can...

The present paper puts forward a new economic circuit of value, which is a product of Marx’s “period of production” and Keynes’s determination order between investment and savings. It leads to a new definition of profit which excludes any remaining competition between savings and...

This book contains twelve essays on some important Italian economists whose works were mostly published in the 20th century. The essays are written mostlty by non-Italian authors and deal with Vilfredo Pareto (by A. Kirman), Maffeo Pantaleoni (Peter Groenewegen), Enrico Barone (P. C. Dooley),...

The present paper puts forward a new hypothesis about the economic circuit, which is a product of Marx’s “period of production” and Keynes’s determination order between investment and savings. It leads to a new definition of profit which excludes any remaining competition between savings...

Research is an original contribution to the existing stock of knowledge and it is a powerful tool for knowledge generation. A newly born nation Eritrea has been facing number of challenges in research and development particularly the challenge of applying knowledge to work in the economy....

The distinction between ‘value’ and ‘riches’ was first highlighted by Ricardo in Chapter XX, ‘Value and Riches, their distinctive Properties’, of his Principles (1821). Ricardo’s aim was to clear up Smith’s famous statement that “every man is rich or poor according to the...