In this paper we describe the main causes of recent financial crisis as a result of many theoretical, methodological, and practical shortcomings mostly according to heterodox, but also including some important orthodox economists. At the theoretical level, there are problems concerning teaching...

In order to survive in a turbulent economy and to survive the economic crisis, enterprises should be able to adapt quickly to the continuous changes that occur in the increasingly dynamic business environment. This paper identifies the limits of the traditional design methods used to develop the...

Social scientists are producing an ever growing stream of research findings, which is ever more difficult to oversee. As a result, capitalization on earlier investment declines and accumulation of knowledge stagnates. This situation calls for more research synthesis and interest in synthetic...

Happiness research is on the rise, but is confounded by competing definitions of subjective well-being based on co-existing concepts, resulting in differing measures and giving rise to different potential policy applications. This paper motivates the societal necessity for using well-being...

Coase 1930 endures through the decades as one of the most-cited papers in economics due to the fact that it highlights a fundamental and equally enduring problem: "Economic theory has suffered in the past from a failure to state clearly its assumptions. Economists in building up a theory have...

This paper sheds light on the reasons that explain the dissatisfactions because of the behavioralist dominance within American political science academia. I show how and why the flaws and failures of the behavioralist analysis have created more room for the emergence of alternative approaches or...

There is a surprising disconnect between formal rational choice theory and philosophical work on reasons. The one is silent on the role of reasons in rational choices, the other rarely engages with the formal models of decision problems used by social scientists. To bridge this gap, we propose a...

Input-output analysis was a particular way of state intervention. Its success was due to the connection of a theory to a model and to an instrument. It was a tool for science and for action. This articulation of an explanatory, a descriptive and a prescriptive dimension may be understood as an...