This paper suggests that, with the help of Concordian economics, the economic process can be studied through the perspectives of Production of real wealth; Distribution of ownership rights; Consumption of financial instruments (as well as the integration of these three perspectives). The...

This paper argues that history of economics has a fruitful, underappreciated role to play in the development of economics, especially when understood as a policy science. This goes against the grain of the last half century during which economics, which has undergone a formal revolution, has...

In a lucid and compelling analysis, written for economists and non-economists alike, the authors find that happiness research cannot be used to justify government intervention in the way its proponents suggest. Those who would wish governments to take into account measures of wellbeing when...

In 1992 when Bill Clinton was elected president of the United States the national annual deficit was projected to rise to more than $357 billion by the end of his first term in office. The total deficit was projected to rise to more than $3 trillion, the highest in United States history. To the...

In an age of scepticism about the relevance of neoclassical economics for today's economic policy, it's easy to argue that what went wrong lay primarily with the discipline's over-reliance on highly idealized theories such as rational choice and rational expectations in applied policy research....