Both India and Eritrea are developing countries. India as a leader of Third world made a huge stride in human resource development and agriculture development where as Eritrea, a young nation still striving hard to develop these areas and thus achieve self reliance. In line with this, Eritrea...

Human development is the beginning of economic growth. The main purpose of wealth should be to enrich people’s lives, to broaden people’s choices and to enable every citizen, every child, every woman and every man to reach her or his full potential. Yet, as the experience of many countries...

Traditional macroeconomics and agent-based simulation (ABS) seem to be two disjunctive worlds, two different sprachspiele in the sense of Wittgenstein. It is not just the fact that macroeconomics has a long and distinguished history that on top of more than 200 years of discourse has recently...

Knowledge comes in two opposed forms – as structural property and as a process. Their interaction - in the time dimension as well as along a logical dimension - characterizes the evolution of knowledge. Knowledge only works, i.e. evolutes, via its presence in carrier media; be it books, hard...

As recent data on average weight of human individuals in OECD countries vividly documents the primary metabolism of human individuals, e.g. physical reproduction, already produces deteriorating results. The concept of needs in the sense of desires for primary reproduction necessities has to be...

Standard economic textbooks usually start with the assumptions that there exists • a set of representative consumers with exogenously given, fixed preference structures, • a set of representative production units with exogenously given, fixed production functions, • a set of identical...