This paper examines relationships between theory of financial risk and size. Based on the work of Makridakis / Taleb [2009] and Taleb / Tapiero [2009], presents the problems of excessive risk and imbalances caused by the size of firms. Markets mixed on firm growth traps externalities can...

The purpose of this paper is twofold: 1) to highlight the widely ignored but fundamental problem of ‘superpopulations’ for the use of inferential statistics in development studies. We do not to dwell on this problem however as it has been sufficiently discussed in older papers by...

One of the thematic branches which had motivated the consolidation of XVIIIth Century´s Economic Thought was the economic crisis itself. The majority of the earlier economists exposed their ideas in a context which could be understood as a running crisis, or an upcoming crisis (as David...

“The path of a scholar” is the introduction to Production, Distribution and Trade: Alternative Perspectives, a volume of essays in honour of Sergio Parrinello (edited by Adriano Birolo, Duncan Foley, Heinz Kurz, Bertram Schefold and Ian Steedman, published by Routledge, 2010). The author...

This is Chapter 4 from "Social Economics: An Alternative Theory" (St. Martin's Press, 1991). This chapter focuses on the human subjects of economic study, suggesting that the psychology offered in neoclassical economics is severely inadequate to serve as the foundation for a social science....

This is Chapter 6 from Social Economics: An Alternative Theory (St. Martin's Press, 1991) There were issues of complexity, time and change which Alfred Marshall recognized as essential aspects of his subject but which were not readily dealt with by the 'scientific' techniques which he was...

This is Chapter 7 from Social Economics: An Alternative Theory (St. Martin's Press, 1991) Since Alfred Marshall's time, it has become ever more difficult to draw attention to the need for something besides technique to bridge the gap between the world that (presumably) exists outside our heads...

This paper examines the concept of hegemony and its historical impacts on the Arabic and Islamic countries. It is foreseen that has long path applied by the Western countries as disclosed by trade applications and history of economic thought. Impacts on Arabic and Islamic countries were visible...

We consider economic value as a property that renders heterogeneous goods and services commensurable. Starting from the basic division of output between workers and nonworkers, we are able to derive value as a property of systems of economic reproduction. We show its relation to value in...

From an Latin American perspective, a framework has been developed with input from social studies of technology (SST) and the complex systems evolutionary economics (EE) to address issues related to innovation processes, technological change and development in this region. The framework operates...