It is hypothesised that the phenomenon of increasing returns and economic progress may only be consistently explained by employing the epistemological paradox, that where knowledge is part of the system, knowledge about the system necessarily and inescapably changes the system itself....

Based on the view that education is partly a superior consumption-good generating the pleasure of higher status, indicates that the measured rate of return to education ignoring utility benefits from education is generally an underestimated indicator of the real rate of return. Further,...

Examines the “efficient market” hypothesis for cocoa beans traded on the London Futures and Options Exchange. Futures market efficiency implies that futures prices accurately incorporate all currently known information. Consequently, current futures prices are unbiased forecasts of...

Based on the view that education is partly a superior consumption‐good generating the pleasure of higher status, indicates that the measured rate of return to education ignoring utility benefits from education is generally an underestimated indicator of the real rate of return. Further,...

Examines the “efficient market” hypothesis for cocoa beans traded on the London Futures and Options Exchange. Futures market efficiency implies that futures prices accurately incorporate all currently known information. Consequently, current futures prices are unbiased forecasts of...

It is hypothesised that the phenomenon of increasing returns and economic progress may only be consistently explained by employing the epistemological paradox, that where knowledge is part of the system, knowledge about the system necessarily and inescapably changes the system itself....