Economics does not need a scientific revolution. Economics needs accurate measurements according to high standards of natural sciences and meticulous work on revealing empirical relationships between measured variables.

A win-win measure that will contribute to getting us out of the crisis is the abolition of the tax void in OECD countries. The tax void is explained with graphics and it is shown how it can be eliminated for free. Adjustment costs will lie in understanding and adaptation of administrative...

Those lecture notes cover the basics of a course in microeconomic theory for MSc students in Economics. They were developed over five years of teaching MSc Economic Theory I in the School of Economics at the University of East Anglia in Norwich, UK. The lectures differ from the standard fare in...

Promoting sustainable consumption and production are important aspects of sustainable development. Agenda 21, endorsed by the United Nations Conference on Economic Development (UNCED) in 1992, identified unsustainable consumption and production patterns, particularly in industrialised countries,...

Recent studies have debated the impact of investor protection laws on firms’ corporate policies. I exploit the passage of state investor protection statutes (“blue sky laws”) in the U.S. in the early 20th century to estimate the effects of investor protection law on firm financing...

In the last few decades the influence on economics of the ideas of T. Kuhn and I. Lakatos was considerable. The increasing use of terms like “paradigms” and “scientific research programmes” in almost every field of economics, is indicative of the influence of these two philosophers....

ABSTRACT: In a recent paper, Dominique (2009) argues that for a Walrasian economy with m consumers and n goods, the equilibrium set of prices becomes a fractal attractor due to continuous destructions and creations of excess demands. The paper also posits that the Hausdorff dimension of the...

The construction of knowledge maps, demonstrated in this paper, is designed to show the epistemic landscape of cities, countries or regions. Knowledge assets, knowledge producing and disseminating organisations are referenced to spatial objects and integrated into GIS. They are further...

The objective of this paper are to study the sericulture production structure and the analysis of farm-level technical efficiency measures. The results show that most of the farmers involved in this enterprise are illiterate. This industry is further characterised by inappropraite rearing sheds,...

The one savior paradigm is discussed not only as doctrinal aspect of religious teachings but as one of mostly manifested aspect of our psychic that should be adequately investigated. We suggest simple idea that could serve as starting cognitive model for the one savior paradigm, that might give...