The decision making process, regardless of the environment in which it functions, depends, first of all, on the information used. Information quality is given by two characteristics: information representativeness, and its capacity to capture the variety of objective reality. These two...

This paper analyzes a sequential approach to lifting interventions in the COVID-19 pandemic taking heterogeneity in the population into account. The population is heterogeneous in terms of the consequences of infection (need for hospitalization and critical care, and mortality) and in terms of...

Prevailing ideology holds that democracy is a system of government where people govern themselves. This ideology clashes with the unavoidable recognition that in any but small towns and villages governance is an activity wherein a few govern and the many are governed. This situation is an...

The Cyprus crisis is one of the most complex in the Eurozone - although in absolute terms it is a minor crisis. An analysis of the ongoing developments from different perspectives leads to the conclusion that we are witnessing a perfect storm of a financial crisis at the confluence of sovereign...

Bağımsızlıklarını kazanır kazanmaz Postsovyet ülkeleri başta özelleştirme gelmekle reform çalışmalarına başladılar. Dünya özelleştirme pratiğinin bu ülkelere böyle geç gelmesinin tek sebebi, devlet mülkiyetinin ağırlık kazandığı planlı ekonominin hakim...

Economic theory emerges through interaction among interested participants, with the content of those theories being a product of spontaneous ordering and not scientific planning. At any moment, it is reasonable to expect various theoretical formulations to be in play, some typically receiving...

Recursive relations for objects of statistical interest have long been important for computation, and remain so even with hugely improved computing power. Such recursions are frequently derived by exploiting relations between generating functions. For example, the top-order zonal polynomials...

1. Presentation and Critique of the macroeconomic standard models -- 2. Goods side and money side -- 3. Time preference -- 4. Role of the interest rate -- 5. Roundaboutness -- 6. Synthesis of the parts into a conclusive single representation -- 7. Macroeconomic Policy Applications.