Estimates of potential output are an important ingredient of structured forecasting and policy analysis. Using information on consensus forecasts, this paper extends the multivariate filter developed by Benes and others (2010). Although the estimates in real time are more robust relative to...

The characteristic capability of science – to turn whatever it might touch into knowledge – seems to have eluded economics. Currently, economists do not understand how the economy works. To get out of the cul-de-sac requires a paradigm shift. It consists in replacing behavioral axioms by...

Internet auctions are common in nearly all consumer categories. Hence, it is not surprising that a great deal of research has emerged on the topic in recent years. New design and format considerations and a wealth of available data from various platforms provide new questions and promising...

"The goal of scientific work is to understand more and more by less and less. In this effort, theoretical unification plays a large part. There are two main types of theoretical unification -- unification of different theories of the same field of phenomena and unification of theories of...

Introductory essay : developing an overview as context and future / John Atherton -- Economic theory and happiness / Ian Steedman -- Happiness, welfare and capabilities / Carl-Henric Grenholm -- Happiness through thrift : the contribution of business to human wellbeing / Peter Heslam --...

The history of a science has been described in terms of transitions between paradigms (Kuhn, 1962). A paradigm is a set of rules, standards and practices shared by groups of scientists, representing the continuation of a research tradition. For example, nanotechnology has been regarded as a...

The goal of scientific work is to understand more and more by less and less. In this effort, theoretical unification plays a large part. There are two main types of theoretical unification - unification of different theories of the same field of phenomena and unification of theories of different...