This paper examines the influence exerted on the thought of F.A. Hayek by the work of the biologist and founder of systems theory, Ludwig von Bertalanffy. It is argued first of all that Bertalanffy provided Hayek with a conceptual framework in terms of which he could articulate the philosophical...

COVID-19 outbreak disrupted social and economic activity. Impacts on aviation, tourism, retail, financial markets, MSMEs and oil are assessed in this research. Travel and tourism, which contributes 9.2% of the GDP, will impact the GDP growth rate. Airlines will lose USD 1.56 billion. FPIs...

The crisis of Southern Sudan and eminent secession in 9 July 2011 is a nightmare to the Sudanese national economy. The dependence on oil revenue that controlled the country for the past 11 years and negligence of the other real economy's economic sectors, agriculture and industry severely...

People not only care about outcomes, they also value the procedures which lead to the outcomes. Procedural utility is a potentially important source of human well-being. This paper aims at introducing the concept of procedural utility into economics, and argues that it should be incorporated...

Economists have done most to innovate scholarly publishing and communication by switching to Open Access. In cultural studies, history, law, political science and sociology, Open Access publishing is still an innovation at the margins. Yet Open Access is demonstrably the superior publishing...

German Abstract: Vor einem Jahrzehnt wurde das Hauptgutachten des Wissenschaftlichen Beirats der Bundesregierung für Globale Umweltveränderungen (WBGU) veröffentlicht. Dieser Versuch einer Bestandsaufnahme im Jahre 2011 hat national und international Impulse gesetzt und Orientierung gegeben....

This work deals with the problem of metaphorical competence formation for students majoring in economics at ESP classes. The author describes the specifics of metaphoric competence and functions of metaphor within economic discourse. The analysis of the obtained competence in using metaphorical...

Since the beginning of the year 2012, foreign currencies exchange rates against the domestic Sudanese currency saw continuous rise. That happened even though there were universal fluctuations for them due to continuous financial crisis. The continuous appreciations of foreign currencies in Sudan...

A decade ago, the German Advisory Council to the Federal Government on Global Environmental Change (Wissenschaftlichen Beirats der Bundesregierung für Globale Umweltveränderungen–WBGU) published its main report. This attempt to take stock in 2011 made an impact and provided orientation on...

The current paper reviews the impacts and effects of technical transfer and change on the economic patterns of developing countries. It has been postulated that production factors, labor and capital have the greatest effects on economic and development patterns. However, technical change emerges...