"Financial crisis" is sometimes regarded as synonymous with "economic crisis", but this is an oversimplification and risks missing the feedback loops between the financial and real economies. In this paper, the role of money is revisited in the context of distinguishing the real economy from the...

Experiences arising from recent geo-political tensions, natural disasters such as the 2011 Japanese Tōhoku Earthquake, the Covid-19 Pandemic and the 2022 Russo – Ukrainian war have all illustrated the fragility of the global supply chains to exogenous shocks. Shocks always occur, but the...

"Financial crisis" is sometimes regarded as synonymous with "economic crisis", but this is an oversimplification and risks missing the feedback loops between the financial and real economies. In this paper, the role of money is revisited in the context of distinguishing the real economy from the...

The combination of the COVID-19 Pandemic and global trade tensions seem likely to make 2020 / 2021 a turning point in the global economy of the same importance as the Great Depression of the 1930’s and combined breakdown of the Bretton Woods system and Oil Crisis of the 1970’s. Post 1980...

All countries, especially facing a posit COVID-19 disrupted world, are keen to promote economic development that will be resilient to future external shocks. Over the years many different forms of “development structure” have been attempted including Export Processing Zones, Special Economic...

The use of challenge funds to promote economic and social development continues to grow, but has been the subject of relatively little research. This paper develops a definition of what challenge funds are and how they differ from other development funding mechanisms, taking into account their...

Indirect reciprocity, a key concept in behavioral experiments and evolutionary game theory, provides a mechanism that allows reciprocal altruism to emerge in a population of self-regarding individuals even when repeated interactions between pairs of actors are unlikely. Recent empirical evidence...

Darryl J Mitry1,2, David E Smith2,3, Per V Jenster3,41Norwich University, Graduate School Faculty, Northfield, VT, USA; 2National University, San Diego, California, USA; 3Copenhagen Business School, Copenhagen, Denmark; 4China Europe International Business School, Shanghai, People’s Republic of...

Gary Zucca1,2, David E Smith3,4, Darryl J Mitry5,61National University, Stockton, CA, USA; 2Owner and Winemaker, Zucca Mountain Vineyards, Vallecito, CA, USA; 3National University, Costa Mesa, CA, USA; 4Copenhagen Business School, Copenhagen, Denmark; 5Graduate School Faculty, Norwich University,...

Australian taxation law has been criticised for many years for its difficulty to read and understand. The Tax Law Improvement Project (TLIP) was established in December 1993 to rewrite in plain language Australia’s income tax legislation. The primary purpose of this study is to test...