Price fluctuations under adaptive learning in renewable resourcemarkets such as fisheries are examined. Optimal fisherymanagement with logistic fish pOpUlation growth implies a backward-bending, discounted supply curve for bioeconomicequilibrium sustained yield. Higher discount rates bend...

Price fluctuations under adaptive learning in renewable resourcemarkets such as fisheries are examined. Optimal fisherymanagement with logistic fish pOpUlation growth implies a backward-bending, discounted supply curve for bioeconomicequilibrium sustained yield. Higher discount rates bend...

Price fluctuations under adaptive learning in renewable resource markets such as fisheries are examined. Optimal fishery management with logistic fish pOpUlation growth implies a backward- bending, discounted supply curve for bioeconomic equilibrium sustained yield. Higher discount rates bend...

Price fluctuations under adaptive learning in renewable resourcemarkets such as fisheries are examined. Optimal fisherymanagement with logistic fish pOpUlation growth implies a backward-bending, discounted supply curve for bioeconomicequilibrium sustained yield. Higher discount rates bend...

The problem of the collapse of socialism within the former Soviet bloc is examined from the perspective of a Schumpeterian view of technological change and discontinuous evolutionary dynamics. The Schumpeterian mechanism of 'creative destruction' was frustrated in the traditional socialist...

This article argues that the neoclassical era in economics has ended and is being replaced by a new era. What best characterizes the new era is its acceptance that the economy is complex, and thus that it might be called the complexity era. The complexity era has not arrived through a...

In the paper "Conversation or Monologue: On Advising Heterodox Economists," we are taken to task by Matías Vernengo on a number of issues made in Colander, Holt, and Rosser (2004b; 2007-8). In this paper, we respond to two central arguments made by Vernengo, and stand by our earlier arguments that...

Paul Davidson is one of the best known and most influential Post Keynesian economists. He has insisted throughout his career that economists should focus on real world problems and that the purpose of economic policy is to help society become more humane and civilized. He is also known for his...

Daily price movements of seventeen commodities are tested for the possible presence of nonlinear speculative bubbles during 1991-2012. A VAR model for logarithmic first differences of each is estimated with one-year Treasury bill rates, U.S. dollar value, a world stock market index, and an...