We develop an alternative approach to the general equilibrium analysis of a stochastic production economy when firms’ choices of investment influence the probability distributions of their output. Using a normative approach we derive the criterion that a firm should maximize to obtain a Pareto...

The main objective of this paper is to present a reading of The Arcades Project by Walter Benjamin in the context of the financial crisis, in particular, reflect from a few fragments of Benjamin's work appear to lie around a Black Swan. The recovery of the fragments of The Arcades seems...

This search covers the following moments: (1) a constellation of argument models is presented, with the purpose of highlighting which characteristic of the debate they should be kept in mind when analyzing written texts or oral speeches in different activities of the daily life (2) the...

One of the key elements in achieving sustainable economic development of the country is transport, including roads and other infrastructure. The strength and role of the services has grown in developed countries, but has brought a new investment cycle in countries of Balkan, including Kosovo....

The present study intends to describe and analyze recent trends in foreign exchange markets, specifically the United States Dollar and the Euro relations as well as the fundamentals behind monetary assets. It brings to light the relationship between economic variables and monetary policy as well...

According to the advocates of a "Generalized Darwinism" (GD), the three Darwinian principles of variation, selection and retention can and should be used as a meta-theoretical framework for the explanation of evolutionary processes in the socio¬cultural domain. Despite their biological origins,...

The paper lacks an abstract, but argues that an important systematic influence on regional growth and decline is the climate offered at various locations.

The recent recession has brought a sharp decrease in income, output, and world trade, as well as an increase in unemployment in developed and underdeveloped countries. Experts such as Paul Krugman, Christina Romer, or Barry Eichengreen, compare the current situation with the Great Depression of...

This paper presents secular evidence on the income velocity of money balances. Under a variety of specifications and statistical techniques, employed on both traditional and non-traditional variables, the Friedman assertion that money is a superior good is found to lack empirical support....

The paper lacks an abstract, but argues that spatially-varying rents can act as a proxy for the bundle of amenities available. Rising national incomes result in movement toward normal amenity locations and away from inferior locations.