Purpose – Previous research has predominantly approached the concept of entrepreneurial opportunities from either one of two perspectives: opportunities exist as objective phenomena in the environment waiting to be discovered by alert entrepreneurs, or opportunities are subjectively perceived...

Compares the philosophical backgrounds of the disciplines of economics and accounting in view of complexity theory. The relationship which has existed between the two is examined as well as the problems of such inter‐disciplinary studies. Decision making, target costing and the need for future...

Purpose – The purpose of this paper is to address the irrationality of making budget decisions without awareness of the economic foundation of these decisions. It aims to propose that, in lieu of a universal economic principle, librarians should at least adopt the maxim, “first, do no...

Purpose – This paper sets out to investigate the potential contribution of the inter‐disciplinary field of ecological economics to the explanation of the current economic crisis. The root of the crisis is the growing disjuncture between the real economy of production and the paper economy of...

Analyses the economic influences that led to the development of the proposal to introduce employee investment funds into Sweden in 1976. Discusses the proposed objectives of the funds and describes the controversy, both political and economic, which surrounded them. Outlines the modified form in...

Investigates underlying tension between the individual's claims and the demands of human society, exemplified by discussion about individual wealth on the one hand and neglect of common tasks on the other hand. Compares economy as a supply system using the ‘naked ape’ comparison to add...

Purpose – The purpose of this paper is to evaluate the role of human capital technology spillovers across countries in converging their growth rates. Design/methodology/approach – This paper develops a closed form mathematical endogenous growth model and applies it to a small open economy...

Purpose – The purpose of this paper is to suggest that the modern economic theory of bureaucracy developed by economists Breton and Wintrobe is a heretofore unrecognized precursor to the new public management (NPM) construct. Design/methodology/approach – After presenting a comparison of the...

Purpose – Economic choice theory is built on utilitarian foundations. The purpose of this paper is to explore whether a foundation of virtue ethics might be more consistent with human nature. Design/methodology/approach – The paper focuses on utilitarianism vs virtue ethics as foundations of...

This paper discusses concepts of value from the point of view of the user of the space and the counter view of the provider of the same. Land and property are factors of production. The value of the land flows from the use to which it is put, and that in turn, is dependent upon the demand (and...