The Austrian objection to mathematical and statistical work in economics, because of the absence of constants, is re-examined in the light of large micro-data sets available today. The negative evidence regarding the Law of one Price is described and then expanded to a critique of the practice...

Islamic economists preoccupation with the deductive approach needs being moderated by a greater recourse to induction, especially in discussing the role of values in the economic system. Values have played an important role in the Christian West in the past, not withstanding the current advocacy...

Economics fails to be a science for three fundamental reasons: Indeterminacy, Multiplicity and Non-verifiabilty. The first weakness, Indeterminacy, refers to the well-established fact that practically all economic models fail to provide unambiguous theoretical predictions, hence theory does not...

We examine economic convergence among subnational regions of Bangladesh over the period 1992-2013. Absent the traditional gross domestic product (GDP) for subnational areas and building on the recent findings of luminosity literature, we use night lights intensity as a proxy for local economic...

In 1715/16 Archbishop William King of Dublin used his experience as a Lord Justice during 1714-15 to write out a detailed case arguing that Ireland already paid more than its fair share of taxes to the Kingdom. In later years King became known as the leader of the Irish ‘nationals’ and his...