The objective of the paper is linking the concepts expressed by Arts Economics or Cultural Economics, with microeconomics and General Cost´s Theory. Processes that use as input works of art are analyzed from a theoretical point of view. As societies evolve, a greater proportion of individuals'...

Entrepreneurship and intrapreneurship are among the most important prerequisites and concepts of modern economics and free market theory. Intrapreneurship is defined here in its broadest definition, as grades of entrepreneurship within a given system or entity, such as a company, organization,...

This study attempts to identify some characteristics of the relationship between journalists and politicians. The methodology of the research is based on the analysis of responses to interviews in depth applied to a sample of 50 print and audiovisual journalists from Bucharest, Suceava, Pitesti,...

Although there are alternative models which can explain the Allais paradox with non-standard preferences, they do not take the emerging evidence on preference imprecision into account. The imprecision is so far incorporated into these models by adding a stochastic specification implying the...

If institutions are essential for long-run performance, why don’t developing countries adopt institutions in developed countries to become rich? In this dynamic model, culture affects a ruler’s institutional choice, while culture itself evolves endogenously. Multiple stable steady states are...

Since 1950s, most African nations have gained independence from their colonial powers. Fortunately, independence has brought many changes to these nations and these include multi-party democratic government and western education systems. Unfortunately, the Africa’s economy is the least...

While an individualist society prizes personal control, autonomy and individual accomplishments, a collectivist society puts a premium on loyalty and cohesion and imposes mutual obligations in the context of in-groups. It has been argued that individualism will promote economic development...

This study frames a review of information and communication technology for development (ICT4D) within the human development and capabilities approach. Looking at the basic dimensions of human development, which make up the core measurement of its achievements: health, education and a income, and...

This study explores the micro-level of making economic decisions, focusing on processes and causal relationships using which individuals (agents) take into account each other’s activities. A central concept employed herein is the Shared Mental Model (SMM) used by participants of joint activity...

None of the known macroeconomic theories are adequate to understand what to do in a global crisis like the 2020 Global Pandemic. Rational Expectations and monetarism cannot even ex-plain how is that a global crisis like this happens. The IS-LM model was designed to manage business cycles, but...