This paper deals with the determination of investment in the monetary production economy. We test the empirical validity of a model based on Davidson and Minsky's examples in the Post Keynesian tradition. Based on Davidson and Minsky, we construct a simple model of the endogenous determination...

GDP is a widely used category, which measures economic growth, and the government for public policy decisions uses that, and so on. A well-known fact is, however, that GDP is not a measure of economic welfare. This paper explores weaknesses of the GDP concept: market failures in the measurement...

E-commerce and e-business are considered by some as a whole new dimension in terms of economics, while at the same time many professionals see it as a natural evolution of the same raw, basic, traditional economic principles. Although this was the main concept, together with its applicability...