In this article we test the relationship between per capita income differential and exchange rate differential between two different economic background countries. Recent researches have been done on the testing of international Fisher effect, Interest rate, GDP growth rate and purchasing power...

Consumer advocates won a victory with the passage of the Credit Card Accountability Responsibility and Disclosure Act of 2009. (Credit Card Act). The Credit Card Act bans certain pricing practices that were confusing to credit card users. Ironically, the seeds of this legislative victory may...

Futures market performs an important function which is to provide effective hedging besides price discovery at distant future date to the market participants. The hedging effectiveness of the futures contract shows its utility in reducing the amount of risk. We estimated the effective hedge...

This paper proposes an interpretation theoretical model of the Aufbau of Rudolf Carnap, this interpretation contributes to upgrade the project original Carnapian, in the sense of conferring to the constitutional program of construction logical, less committed analytic equipment with an ontology...

The term 'emergence' features only infrequently on the work of Friedrich Hayek, and then almost always merely as a synonym for 'spontaneous order'. The argument of this paper is that Hayek's accounts both of the working of the human mind, and also of the spontaneous order of the market, rely...

The current crisis has triggered significant debate concerning economic theory and policy. Largely absent from this debate is an informed discussion of the methods used by economists in analysing the economy and formulating their proposals. But method matters. Here I argue that current academic...

The Soros “Alchemy” contains a verbal description of the Reflexivity Theory. It is shown that Hyperbolic Frames can form the mathematical basis for the theory. They can explain the current events and also can be used for predicting the crisis situations

The Terrorismology will be a new research field that includes different academic disciplines together such as economics, sociology, politics, history, geography, religion, philosophy, technology, sociology, finances, military, engineering, and pure sciences simultaneously to study, evaluate, and...

In 1992 when Bill Clinton was elected president of the United States the national annual deficit was projected to rise to more than $357 billion by the end of his first term in office. The total deficit was projected to rise to more than $3 trillion, the highest in United States history. To the...