Savings and investments in the American money market by emerging countries, primarily China, financed the excessive consumption of the United States in the early 2000s, which indirectly led to a global financial crisis. The crisis started from the real estate mortgage market. Such balance...

Duality can be viewed as the soul of each von Neumann growth model. This is not at all surprising because von Neumann (1955), a mathematical genius, extensively studied quantum mechanics which involves a “dual nature” (electromagnetic waves and discrete corpuscules or light quanta). This may...

The book of Albert-László Barabási (2018) tested the laws of success in the American environment, therefore Barabási himself questioned how his laws function in an other environment, and whether his laws could actually be universal. The author formulated this question at the Central European...

The science of economics should focus its research on increasing the prosperity and well-being of mankind, wherein priority should be given to the achievement of an equilibrium, the distribution of income, and the understanding of the future. Its objectives include the development of proposals...

The science of economics should focus on the benefits to mankind, and on increasing its welfare. The role of the market and the government was debated between mercantilists and physiocrats in the 17–18th centuries already, and remains questionable to this day. Classical economists relied on a...

The publication includes seven studies. It would be difficult to identify the guiding prin-ciple behind the editor’s choice in the order of the studies: they are various analyses relying on different theories and statistical data borrowed from elsewhere, without being linked on any level. Amid...