Public choice theory was initiated by economists and political scientists in the late-1950s and early 1960s and is generally described as the application of economic concepts and formulations to political phenomena. This essay explains that economizing action and public choice are universal...

With respect to ordering different fields of scholarly inquiry, ethics is commonly thought to be independent of economics, and, moreover, with ethical principles standing in judgment of economizing actions. In contrast, we explore a line of thought where ethics, politics, and commerce all emerge...

Transaction Byte Analysis (TBA) creates a methodology to analyze, evaluate and compare any human and/or non-human social systems. Any co-ordination between social creatures requires the creation, transmission, reception and internal processing of signals that can be measured in bytes. The...

This paper examines major forces that have decoupled economic and business prosperity from social prosperity and explores how recoupling can be promoted. Economists have specified well-known conditions under which free market enterprise with shareholder value maximization is efficient. These...

There is growing awareness within the economics profession of the important role narratives play in the economy. Even though empirical approaches that try to quantify economic narratives are getting increasingly popular, there is no theory or even a universally accepted definition of economic...

The pluralism debate in economics that has been going on for two decades has not yet been able to provide an exhaustive answer to the question of how to deal meaningfully with the phenomenon of a real plurality of paradigms, theories and methods in a fragmented scientific community....

The pluralism debate in economics that has been going on for two decades has not yet been able to provide an exhaustive answer to the question of how to deal meaningfully with the phenomenon of a real plurality of paradigms, theories and methods in a fragmented scientific community....

There is growing awareness within the economics profession of the important role narratives play in the economy. Even though empirical approaches that try to quantify economic narratives are getting increasingly popular, there is no theory or even a universally accepted definition of economic...

This paper examines major forces that have decoupled economic and business prosperity from social prosperity and explores how recoupling can be promoted. Economists have specified well-known conditions under which free market enterprise with shareholder value maximization is efficient. These...

This paper outlines a framework for explaining change in agent identities, and uses the recent financial crisis to illustrate it by comparing two examples of identity change brought about by the crisis. The agent identity theory employed is the idea of a having capability for keeping a...