The marketing and sales polices of Iranian crude oil have been revised and changed after the Islamic Revolution of 1979. Production policy that drastically cut back production in order to maintain oil reserves for future generations. In terms of marketing Iranian crude oil, the new revolutionary...

During the interwar years in the first half of the twentieth century, Ludwig von Mises emerged as one of the leading economic thinkers in Continental Europe. Though a general economic theorist, Mises's main contributions early in his career were in the field of monetary theory, monetary policy,...

The theme of this paper is developed in three parts. The first is concerned with methodology. The case is argued for a 'grounded' approach to the analysis of business economics. The second is concerned with intellectual history. It argues that the great economists, such as Smith, used this...

It is not an exaggeration to surmise that agriculture as an economic activity in Sudan is facing demise. The agricultural sector of Sudan has been facing by many problems for the past two decades. In the irrigated schemes, the government who officially owns most of them there were entrenched...

This was the first paper to study exclusively the effects of Ramadan on the United Arab Emirates Stock market. In doing so, the study aims to establish such impacts with the intention of advising the investors on whether it would be profitable to invest during the holy month of Ramadan or no.The...

Spanish Abstract: Este documento realiza una comparación entre la microeconomía y la macroeconomía, con el fin de identificar las diferencias entre estas dos áreas. Se plantea que, aunque existen diferencias de objeto y método entre las dos, estas no son fundamentales. Se sugiere que la...

There is a striking contrast between the significance of Harold Hotelling’s contribution to industrial economics and the fact that his location model was invalid, unrealistic and non-robust. It is difficult to make sense of the explanatory value of Hotelling’s model based on philosophical...

This paper surveys some ongoing changes in the historiography of economics. I argue that there is a close connection between a decline of prescriptive economic methodologies based on the positivist philosophy of science and the emerging tendency to write history of economics in a non-Whig way....

Coase’s work emphasized the economic importance of very small markets and made a new, more marginalist form of economic “institutionalism” acceptable within mainstream economics. A Coasean market is an association of persons with competing claims on a legal entitlement that can be traded....

Ronald Coase merged two traditions in economics, marginalism and institutionalism. Neoclassical economics in the 1930s was characterized by an abstract conception of marginalism and frictionless resource movement. Marginal analysis did not seek to uncover the source of individual human...