Interest in thermodynamic analogies in economics is older than the idea of von Neumann to look for market entropy in liquidity, advice that was not taken in any thermodynamic analogy presented so far in the literature. In this paper we go further and use a standard strategy from trading theory...

Mathematics has been extremely effective in physics, but not in economics beyond finance. To establish economics as science we should follow the Galilean method and try to deduce mathematical models of markets from empirical data, as has been done for financial markets. Financial markets are...

This paper demonstrates how the transformation of the taxi industry is an example of Coase’s Theorem in practice. The Coase Theorem, as postulated by Nobel Laureate Ronald Coase (1991), is one of the simplest yet profound ideas in economics. The recent advent of new mobile app entrants in the...

Research and Science Today Journal is a publication founded in 2011 and it is dedicated to the students of all levels (license, master and doctoral) of faculties in the country and abroad. We want to offer the participants the opportunity to present their scientific works in the following areas:...

This research note presents the research rankings of Turkish economists in the world using RePEc database as of January 2014. The long-run research ranking data running from 2003 to 2013 are utilized to identify the research success of Turkish economists working at universities and institutions...

This research article evaluates the research rankings of economists and economics departments of Turkey with respect to the top 10 economists and departments in Europe using RePEc data base as of December 2012. This article also provides some useful policy recommendations for improving the...

Frequently, the professors of economy or the authors of texts think that it is enough with relating certain experiences, to mention certain historical data, to declare some truths to raise the interest of the possible listeners or readers. This attitude comes from a misunderstanding, very...

This study presents an empirical examination of the factors influencing undergraduate students to choose enrollment in an economics course via a distance education delivery format - specifically, a telecourse. The results indicate that age, work status, living distance to campus, and previous...

Most people believe economists are more selfish than noneconomists. The reasons for such belief and for the related moral condemnation of economists remain confused. Both charges and evidence are insufficient to support substantial judgements. Further elaboration would be welcome before drawing...

We investigate the websites of economists at Harvard University and George Mason University. We draw a contrast between the two departments by using Robert Nelson’s distinction between the “scholastic†and the “pietistic†approaches to knowledge and discourse....