The recent recession has brought a sharp decrease in income, output, and world trade, as well as an increase in unemployment in developed and underdeveloped countries. Experts such as Paul Krugman, Christina Romer, or Barry Eichengreen, compare the current situation with the Great Depression of...

This paper examines some of the consequences for economic theory of the replacement of binary personal preferences by non-binary personal preferences in an Arrow-Debreu society as in Debreu (1959), and reaches the conclusion that there is both much damage to existing theory and greater...

This is a critical evaluation of the book entitled The Mediterranean Tradition in Economic Thought by Louis Baeck. In this book, in addition to a complete substantial and illuminating chapter on Islamic economic thought, references to Islamic and Arab scholars are scattered at various places in...

One of the most important themes to which Indian scholars have made pioneering contribution is the area of Islamic Economics. The present paper attempts to attempt to bring on the record postindependence India's contribution to Islamic economics.

The aim of the promotion paper is to study the impact of investments on the economic growth of Latvia, the main factors impacting the investment processes, and, subsequently, to elaborate proposals for improving the investment structural policy in Latvia. The first chapter of the promotion paper...

In their recent work Thomas S. Schelling (2007, 2010), reiterating original arguments about game theory and its applications to social sciences. In particular, game theory helps to explore situations in which agents make decisions interdependent (strategic communication). Schelling's originality...

The article contains the analysis of methodological changes and some key achievements in theoretical economics during the last fifty years. It is argued that the task, set up in a number of classical treatises, namely - to build the economic theory by the pattern of physics, probably can not be...

In the last few decades the influence on economics of the ideas of T. Kuhn and I. Lakatos was considerable. The increasing use of terms like “paradigms” and “scientific research programmes” in almost every field of economics, is indicative of the influence of these two philosophers....

The essay proposes in a brief sketch a methodology that allows assessing human rights beyond absolutism of abstract rights and relativist views which usually end in meaningless of the concept.

While research on the history of economics can be important to modern economics, the work of historians of economics is more often than reasonable associated with either non-contemporary or heterodox issues. I provide quantitative evidence of this, by analyzing the publications in the three main...