This essay criticizes the commonplace definition of corruption as the misuse of public office for private gain. Both elements in this definition are wrong: corruption is also found in the private sector and in some exceptional cases it may not simply be for private gain. Another problem with...

We consider Poisson’s equation for discrete-time single-birth processes, and we derive its solutions by solving a linear system of infinitely many equations. We apply the solution of Poisson’s equation to obtain the asymptotic variance. The results are further applied to birth–death...

Contents: Part I -- Introduction -- 1: Institutions and evolution of capitalism in Geoff Hodgson's work / Francesca Gagliardi and David Gindis -- Part II: Foundations -- 2: Geoff hodgson on pluralism and historical specificity / Sheila C. Dow -- 3: Mathematical modelling in economics: Seeking a...

Since the fall of the Berlin Wall we have been told that no alternative to Western capitalism is possible or desirable. This book challenges this view with two arguments. First, the above premise ignores the enormous variety within capitalism itself. Second, there are enormous forces of...