The aim of this paper is to systematically enquire into the relationship Robbins sets in his writings - prior to the Essay and further brought out in several subsequent works - between 'economic science' and 'political economy' in order to understand the role of each in the work of the...

Inclusivity is perhaps the single most important human need to facilitate and demonstrate fairness for all members in an open and free society. When this principle need is compromised by appearances of unscrupulous self-interested privileged elites to perpetuate a systemic widening disparity...

In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a substantial mortgage lender. In fact, ten years...

We analyze the evolution of the price of paintings in London auctions with a unique dataset of over 200,000 sales in the period 1780-1840. We build a price index for the representative painting through hedonic regressions controlling for the characteristics of auctions and paintings and for the...

The carriage of goods across international boundaries involves bulk and sometimes complex transportation and therefore requires planning and the deployment of resources and logistics. In most cases, the use of sea transportation is commonly preferred. The legal issues surrounding the carriage of...

This study investigates the volatility connectedness between the Irish and Great Britain electricity markets and how it is driven by changes in energy policy, institutional structures and political ideologies. We assess various aspects of this volatility connectedness including static...

A piece of legislation recently introduced by Representatives Anna Eshoo (D-CA 14th) and Tammy Baldwin (D-WI 2nd) that they call the quot;Broadcast Licensing in the Public Interest Actquot; (HR 4882), might deserve a better appellation as the quot;Eradication of Broadcasting Act.quot;At the...

Over the last 15 years, the typical household has increasingly concentrated its spending on a few preferred products. However, this is not driven by "superstar'' products capturing larger market shares. Instead, households increasingly purchase different products from each other. As a result,...