The aim of this paper is to discuss some of the great challenges that will characterize the XXI Century. In the background we consider the problem of the relationship between “Us” and the “Others”, that is how to reconcile the power of Western universalism with the multitudes of other...

A new management technology, based on modern developments in macroeconomics, was offered. It is aimed at the highest issues of state and society governing as well as finding methods of their solving. The grounding of necessity of separate supramacroeconomical level of management establishment...

Should shocks be part of our macro-modeling tool kit—for example, as a way of modeling discontinuities in fiscal policy or big moves in the financial markets? What are shocks, and how can we best put them to use? In heterodox macroeconomics, shocks tend to come in two broad types, with...

This work is focused on identifying the relationship an economic system and its policies have with the environment. The biosphere is chosen in particular as object of analysis but this can be extended by means of an ecosystem recursive properties. The common factor involved in the relationship...

Many specialists consider that at the base of the existing depression there is an improperly regulated financial system that points out severe weaknesses of the new liberalism. The existing world financial depression, especially its control points out the recurrent idea of the government...

The Friday the 13th anomaly of Kolb amp; Rodriguez (1987) is revisited in an international context. Drawing on the philosophy of science approach of Lakatos (1978) the paper argues the importance of 'anomalies' and the need for triangulation. Using the FTSE world indices over 1988-2000, for 19...

This paper provides the first comprehensive baseline profile of the Irish economics profession, broadly defined, over a number of metrics. The questions fall into three broad categories: the first category relates to the attitudes of the respondents to issues relating to the economy and the role...

Research on the life-cycle valuation model began in 1969 at Callard, Madden amp; Associates in order to improve stock selection and investment returns. Beginning in the mid-1980s, the model was extensively refined and commercialized by HOLT Value Associates. Today, many institutional money...

This paper examines the rise of the VAR (Vector AutoRegressive) approach from a historical perspective. It shows that the VAR approach arises from a fusion of the Cowles Commission tradition and time series statistical methods, catalysed by the rational expectations (RE) movement, that the...

Can investors with incorrect beliefs survive in financial markets and have a significant impact on asset prices? My paper addresses this issue by analyzing a dynamic general equilibrium model where some investors have rational expectations while others have incorrect beliefs concerning the mean...