In the last two decades, free markets have swept the globe, bringing with them enormous potential for positive change. But traditional capitalism cannot solve problems like inequality and poverty, because it is hampered by a narrow view of human nature in which people are one-dimensional beings...

Shorter undergraduate studies, increasing specialization and the priority of applied research in Economics represent threats for the History of Economic Thought (HET) as an integral part of the training of young economists. There are mostly sociological arguments to reduce or eliminate HET...

In 1995, Congress amended TILA so that massive lender liability could no longer result from minor errors in disclosure. In that same year, Congress passed a moratorium on class action claims under TILA; the moratorium was lifted on October 1, 1995. The new amendments balanced lender and consumer...

This paper argues that history of economics has a fruitful, underappreciated role to play in the development of economics, especially when understood as a policy science. This goes against the grain of the last half century during which economics, which has undergone a formal revolution, has...

In this paper I discuss the major approaches to happiness in the economics of happiness: Hedonism and life-satisfaction approaches. It is possible to identify a tension between two important principles in this literature: 1) individuals are the best judges of their own happiness, and 2) the...

What is the role of economic evidence and arguments in WTO and investor-state dispute settlement? Both regimes epitomize the search for an international rule of law and legal stability. At the same time, both trade and investment agreements are economic contracts. Economics provides insights not...

Do economists reach a conclusion on a given policy issue? One way to answer the question is to survey economists at large. Another is to look at the published judgments of economists who have gone on the record. Relative to an anonymous survey, going on the record makes for much greater...

After World War II the continent of Europe was devastated both structurally and economically by the war. George C. Marshall is the man who can be considered the father of outsourcing and foreign aid, because of his military skills and training he was able to devise a foreign policy plan as an...

The geographic structure of the Magharib countries necessitates its political and economic partnership. However, there were many hindrances that curtailed further mutual benefits in the past decades. That minimized its economic cooperation in many ways. The emergence of the WTO adds to questions...

The current paper experiments with the conception and analytical model of principle components. The analysis utilizes data of Sudan to test the model fitness and data suitability. All the country's economic sectors are used in the analysis which also integrates high, medium and low income strata...