Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically...

Academic economists today are caught in a "Publication Impossibility Theorem System" or PITS. To further their careers, they are required to publish in A-journals, but this is impossible for the vast majority because there are few slots open in such journals. Such academic competition is held to...

Publication and citation rankings have become major indicators of the scientific worth of universities and countries, and determine to a large extent the career of individual scholars. We argue that such rankings do not effectively measure research quality, which should be the essence of...

Dieses essential beschäftigt sich mit der Frage, was uns Menschen glücklich macht. Bruno S. Frey erläutert Messmethoden, wirtschaftliche Faktoren, soziodemografische Einflüsse sowie politische Dimensionen des Glücks. Steigert ein höheres Einkommen die Zufriedenheit? Wird, wer die Arbeit...