The U.K.'s decision to leave the EU and the voting in of the protectionist Donald Trump to the US presidency has drawn both the UK and the USA into the Nash Trap.U.S. mathematician John Nash (the movie ‘A Beautiful Mind') postulated that Adam Smith's declaration that ‘In competition,...

Indian country in the United States is incredibly poor. Indian nations desperately need to develop reservation economic activities. Most tribal governments, however, are primarily focused on developing tribally owned businesses. This article argues for Indian peoples and governments to revive...

This thesis is a formal refutation of the characteristics approach to the economics of quality, which is particularly associated with Kelvin Lancaster. Many of the criticisms apply equally to other approaches to the economics of quality

Spanish Abstract: Durante años se ha dicho que en Colombia se practican 400 mil abortos clandestinos anuales, sin ninguna justificación y contra toda evidencia. Este artículo contrasta la validez de esa cifra. Primero explora cuál pudo ser la fuente inicial y luego muestra que ese cálculo...

Lab experiments have revealed that animals sometimes outperform human-beings in terms of instrumental rationality. The current essay argues that constrained maximization tendency with consistency of preferences are perhaps genetically imbibed behavior of organism, and such examples display a...

The peer review process typically has multiple evaluators. Too often editors rely on the Union Heuristic, which requires authors to perform all requested tests and extensions suggested by referees and editors, with results confirming the paper’s message. The Union Heuristic is easy, but has...

Over the past twenty-five years the Duke history of economics faculty, together with the collection development librarians in the David M. Rubenstein Rare Book and Manuscript Library, have been gathering the papers of notable (mostly) twentieth century economists in what is now called The...

The subject we have addressed in this study belongs to a very important complex of issues now, before the new millenium, when the informational society makes its presence felt in all the activity fields, when the value is perceived as an information on a good or a service in relation to the...

<p>Despite the crucial importance of high quality reviewing for the scientific process, new scholars often learn how to do this based on casual advice and trial-and-error learning. We offer a checklist that helps referees systematically develop high quality referee reports and avoid some of the...</p>