The validity in time of the comparative advantage’s principle, also of its application’s denial, can generate certain misunderstandings in the good exchange’s observation for an outsider (common sense), including the expert from other economics’ areas. The resolution for these cases can...

It is often argued that projects involving public good changes should be chosen on the basis of monetary valuation and cost-benefit analysis (CBA). In democratic project selection processes, however,decision-makers cannot generally interpret CBA as measuring projects’ social welfare...

Using three market examples: opium, grapes, and timber; this paper illustrates mismanagement of Afghan economic affairs. These examples show an adverse effect of Western influence since the 9/11 invasion. Economic policy in Afghanistan is based on the history of capitalism, not the principles of...

The use of evidence and economic analysis in policymaking is on the rise, and accounting standard setting and financial regulation are no exception. This article discusses the promise of evidence-based policymaking in accounting and financial markets as well as the challenges and opportunities...

The use of evidence and economic analysis in policymaking is on the rise, and accounting standard setting and financial regulation are no exception. This article discusses the promise of evidence-based policymaking in accounting and financial markets as well as the challenges and opportunities...

In its recent report entitled “The Evolving IP Marketplace,” the Federal Trade Commission (FTC) advances a far-reaching regulatory approach (Proposal) whose likely effect would be to distort the operation of the intellectual property (IP) marketplace in ways that will hamper the innovation...

Purpose: There is a great deal of interest in discovering the secrets of business success according to the Talmud. This interest is satisfied in the present paper by listing and explaining some principles, stories, and cases from the Talmud.Approach: The topic is approached in the manner of...

The disabilities market consists of about 54 million people and will probably double in size within 15 years; it has an aggregate income of over $1 trillion dollars. Many firms treat this market as they would a charity case, or worse, totally ignore it, when it is in reality a very significant...

The Bible is concerned with the plight of disadvantaged members of society. Many of its precepts deal with various categories of downtrodden individuals: the impoverished, the widow, the orphan, and the stranger. This paper examines the meaning and implications of these precepts and pays...

Ambiguity-aversion is a person's rational attitude towards the indeterminacy of the probability that attaches to his future prospects, both favorable and unfavorable. An ambiguity-averse person increases the probability of the unfavorable prospect, which is what criminal defendants typically do...