The evolutionary explanation of human dispositions to prosocial behaviour and to moralization of such behaviour undermines the moral realist's belief in objective moral facts that hold independently of people's contingent desires. At the same time, advocacy of preferences for radical large-scale...

The paper replies to Wade Hands's recent criticism of one part of my 2005 book, Economic Theory and Cognitive Science: Microexplanation (ETCS). Hands argues that my association of my view of the foundations of microeconomics with aspects of the thought of Lionel Robbins and Paul Samuelson is...

That the rationality of individual people is ‘bounded’ – that is, finite in scope and representational reach, and constrained by the opportunity cost of time – cannot reasonably be controversial as an empirical matter. In this context, the paper addresses the question as to why, if...

Focusing on capital flight of the worst kind for developing countries-stolen public assets-we develop a model which shows that both the threat of losing elective office and its complement, the threat of delayed detection, do not affect the choice of whether to plunder or not. Rather they...

Within the framework of Markowitz-Tobin portfolio theory, we empirically investigate potential benefits to a US investor from diversifying into equity markets in Sub-Saharan Africa. We infer, based on the state of these economies for the period studied, that potential gains accrue to a US...

Previous studies on the Nigerian parallel market found "return predictability". Based on this finding, we quantify, using Hansen's GMM estimation technique, the risk-return characteristics implicit in the simplest trading strategy of "buy and hold" an optimal portfolio of currencies. The...

This study first delineates the conceptual and practical issues in corporate governance,without assuming any prior understanding of corporate governance. It then surveys,using some of the more objective international criteria, the institutional record forquality corporate governance in Africa.In...

The evolutionary explanation of human dispositions to prosocial behaviour and to moralization of such behaviour undermines the moral realist's belief in objective moral facts that hold independently of people's contingent desires. At the same time, advocacy of preferences for significant...

We critically review the methodological practices of two research programs which are jointly called 'neuroeconomics'. We defend the first of these, termed 'neurocellular economics' (NE) by Ross (2008), from an attack on its relevance by Gul and Pesendorfer (2008) (GP). This attack arbitrarily...