Some major trends in world income inequalities and relevant economic trends are reviewed here. In recent decades, there have been indications of a reversal of the growing income divergence between North and South after over half a millennium, especially in the last two centuries. Meanwhile,...

This article studies socially optimal allocations, from the point of view of a benevolent social planner, in environments characterized by fixed resources, endogenous fertility, and full information. Individuals in our environment are fully rational and altruistic toward their descendants. Our...

The paper looks at the persistence of egalitarian norms in post-Communist societies by focusing on the former members of the Communist parties in Central and Eastern Europe (CEE) and Russia and their children. Using the individual-level survey data, we show that there are striking differences...

• Scenario planning can mitigate losses, increase market expansion, prevent business regional exit and maximise profits.• Global banks must form partnerships with local and Islamic banks in global markets to utilize local expertise, acceptance and success.• Businesses operating in...

Marathi Abstract: डाॅ. आंबेडकरांना वाटत असे की, भारताच्या आर्थिक उन्नतीसाठी दारिद्रî व विषमता निर्मुलन आणि बहुजन समाजाची...

This article studies socially optimal allocations, from the point of view of a benevolent social planner, in environments characterized by fixed resources, endogenous fertility, and full information. Individuals in our environment are fully rational and altruistic toward their descendants. Our...

A system of thought allowed for the free market price of land to cyclically go down to zero. This is the economics of Moses. The economics of Jesus is a restatement of the economics of Moses. The first was applied during Biblical times and the latter, united with Aristotle’s thought and...

For most of its existence, mankind’s wellbeing was dictated by disease, the elements and other natural factors, and the occasional conflict. Virtually everything it needed — food, fuel, clothing, medicine, transport, mechanical power — was the direct or indirect product of living nature....

Utilitarianism arguably provides the philosophical justification for suboptimal management theory. We provide a historical perspective on the development of management theory from its utilitarian basis, and highlight the missing conceptual link between management theory and human dignity. We...

The paper looks at the persistence of egalitarian norms in post-Communist societies by focusing on the former members of the Communist parties in Central and Eastern Europe (CEE) and Russia and their children. Using the individual-level survey data, we show that there are striking differences...