The study presents review of the Magharib countries economic bloc which consists of Algeria, Libya, Morocco, Tunisia and Mauritania. The feasibility of that economic bloc concludes its potentials. There comparative advantages for each county to integrate with the others in production factors and...

In the modern lexicon, money is pure instrumentality, a colorless medium that transparently expresses real value. Contrary to that trope, however, we can get “inside” money: we can reconnoiter it as a structure entailing value that is engineered by certain societies. Taking a...

We build an agent-based dynamical system for the global economy to investigate and analyze financial crises. The agents are large aggregates of a subeconomy, and the global economy is a collection of subeconomies. We use well-known theories of dynamical systems to represent a financial crisis as...

Few ideas have had as much of an effect on the science of economics as the concept of rational expectations. This elementary notion, first formulated by the economist John Muth, ultimately upended four decades of Keynesian macroeconomics and monetary policy. Despite the impact of Muth's idea,...

Over the last years, many have been questioning the importance of the Phillips curve arguing that it has flatten out of favour. Thus, a lot of attention has been given to understand why its slope is flatter and how can central bankers still explore it. Building on this current debate, I estimate...

Arabic Abstract: تهدف الورقة إلى صياغة نموذج آني للسياسة النقدية في السودان، قامت الورقة بتقدير نموذج معادلات آنية لصياغة سياسة نقدية شاملة وفاعلة. ,توصلت الورقة إلى...

Some predictions fail to recognize that, after a significant adjustment, China’s economy will almost certainly rebound strongly. The question is how significant that adjustment will be and how protracted will policy responses make the correction.Set against a weak global backdrop, we have to...

This chapter summarizes the case for considering money as a legal institution. The Western liberal tradition, represented here by John Locke’s iconic account of money, describes money as an item that emerged from barter before the state existed. Considered as an historical practice, money is...

The book investigate the process of privatization of state owned companies. Privatization of state owned companies and institutions is well known within the frame of the economic theory. Many explanations and reasons were given in numerous papers and books. In cost/benefit analyses it can be...

Since its inception, supporters of the Jones Act have claimed that the law is essential to U.S. national security. Although indefensible on economic grounds, Jones Act advocates argue that its restrictions promote the development of both a U.S. merchant marine and shipbuilding and repair...