Economic theories and tools provide only partial insight into the many complexities affecting various uses and flows of water. To usefully teach water economics, it is therefore necessary to understand and cooperate with other disciplines. Many economic concepts can be used to understand...

Founded fifty years ago, the History of Economics Society served in its early years to support scholarship and teaching in the history of economic thought. But the decades long removal of history from economics departments and graduate programs has made the Society’s mission increasingly...

This work is focused on identifying a circular pull production control system (PPCS) and make emphasis on the presence of a stability attribute. It is an introductory paper to an extended study of macroeconomic financial stability in a physically open but systemic closed system. Previous work...

The paper compares and contrasts higher education funding sources and systems in the U.S. and the UK. The issues raised in the paper pertain to the major challenge of academia: finding financial support in times of limited resources and enhanced competition. The issues discussed throughout the...

Centrality and fragility of university in the long-lasting debates over the functions of higher education and its role in the interplay of wider socioeconomic, political and cultural forces is an ever recurrent issue. It seems that exactly these debates called for constant public attention...

In general, complex and large dimensional models are needed to solve real economic problems. Due to these characteristics, there is either no analytical solution for them or they are not attainable. As a result, solutions can be only obtained through numerical methods. Thus, the growing...

In this short essay Hodgson denounces the superficiality in the teaching of economics and agrees with the student protests which have urged deep academic reforms. He also censures the absence of plurality and tolerance in teaching methods and argues that excessive mathematical formulation,...

The rhetoric of positivism had a profound effect on the worldview and practice of economists in the middle of the last century. Though this influence has greatly diminished, it still may be found in the attitude of many economists toward the history of their discipline. This article traces the...

After the Second World War international merchandise trade has known an impressive rising trend: from 121 bn. USD in 1948 to 25.172 bn. USD in 2009, which means a rise by 210 times, being therefore the economic sector with the most spectacular development. International trade – considered to...

The paper discusses the utilization of social complexity studies to enhance our understanding on many social phenomena. The discussions brings the concept of uncertainty in almost everything of social realms and makes some points related to the empirical findings of the power-law distributions...