Even if contract enforcers are as opportunistic as ordinary traders, a system of adjudication can increase the degree to which contractual obligations on large anonymous markets are fulfilled. Only if arbitrators receive a fixed income, occasional mistakes will not favour the untrustworthy. It...

The comparative advantage has been studied from various perspectives, focusing solely on partial efforts such as labor force. Some researchers, such as Manoilescu, have attempted to establish a more rigorous theoretical model by observing total efforts. Moreover, the above-mentioned researcher...

Fabio Canova is currently a full-time professor at the European University Institute (Florence). He has taught in numerous universities around the world and given professional courses at central banks, as well as held consultancy positions with the Bank of England, the European Central Bank, the...

Recensione in chiave comparata dei recenti volumi di Apps & Rees (2009) e Todorova (2009) in tema di economia della famiglia e di genere.

In this paper, we proposed to demonstrate the possibility of correct determination of the goodwill size and the causing factors, through the use of econometric models based on the subtle sets theory.This thematic approach motivation starts from the fact

In this essay, we analyze the dominant position of economics within the network of the social sciences in the United States. We begin by documenting the relative insularity of economics, using bibliometric data. Next we analyze the tight management of the field from the top down, which gives...

The paper investigates the 2008-2009 economic crisis, especially on its international macroeconomic effects in terms of political instability and worldwide economic decline. The sovereigndebts and the still growing financial imbalances of households and firms, press on the future of the European...

This paper submits that one of the most fallacious paradigms in economic thought and policy, stemming from Ricardo, has been that of comparative advantage, as it has assumed no capital mobility whereas it has been mainly foreign direct investment that has driven global trade since World War II...

The multidimensional challenges confronting humanity today, combined with our inability to fully harness the abundant human, social, technological, and financial resources to meet human needs, point to serious insufficiencies in prevailing economic theory modeled on the natural science. A...