Secular morality is implied in the University's very founding, with roots dating back to the 18th century Enlightenment that informed both the defeated Philippine revolution and the political ideas of the American occupiers. Citing recent knowledge gained from behavioural games and evolutionary...

A framework is proposed to subsume public goods and common-pool resources, respectively, as specific cases of positive and negative externalities. A pure public good is a positive externality whose appropriable benefits are too small or too uncertain relative to the high private cost for anyone...

The government is rightly concerned with employment generation to make growth inclusive. The use of the open unemployment rate to measure its success, however, is misplaced. In a developing country with a large informal sector and in the absence of unemployment insurance, open unemployment is...