The dismal performance of professional economic forecasters to foresee the financial crisis has raised serious questions as to the credibility of modern economics. Several efforts have been made to account for this failure. The paper offers a tentative answer based on the lessons that may be...

Lawrence R. Klein (September 14, 1920 – October 20, 2013), Nobel Laureate in Economic Sciences in 1980, was one of the leading figures in macro-econometric modeling. Although his contributions to forecasting using simultaneous equations macro models were very well known, his contributions to...

This paper is based around outlining and illustrating the use of a co-evolutionary method for long-term macro-economic forecasting. The paper includes economic forecasts for the UK to 2060 using a novel approach based on Multichannel Singular Spectral Analysis (MSSA). The forecasts are based on...

The study of culture on economic development provides great potential for us to better understand why some economies grow faster. However, realizing this potential is challenging due to the difficulty of collecting cultural data and the unreliable nature of using such data. I propose to use...

Decision-makers, experts and laymen in different historical periods and in different socio-economic systems shared at least one desire: to know their future in advance or even to influence it for their advantage. They have used very different approaches and methods from spiritual/religious ones...