This article examines the role of group dynamics and interactions in explaining economic behavior and the evolution of institutions. Our starting point is the large literature on group selection in the biological, behavioral and social sciences. We present a range of interpretations of group...

Microeconomic Theory Old and New: A Student's Guide has two main goals. The first is to give advanced undergraduate and graduate students an understanding of the core model of economics: Walrasian general equilibrium theory. The text presents in detail the three building blocks of Walrasian...

Economics and biology have much in common in terms of their intellectual heritage and in the nature of their subject matter. It should come as no surprise, therefore, that many current controversies in biology have great relevance for economic theory. Among these is the theory of...

We will discuss electricity demand in manufacturing industries in upstate New York. Empirical results are presented based on data obtained at the electric utility service area level for the years 1969–1981. The equations are based on a partial adjustment model including relevant input prices...

Input-output tables for the U.S.A. and Japan are used to estimate changes in energy efficiency during the period 1960–1980. We used a method of Pasinetti which takes into account changes in the energy efficiency with which additions to capital stock are produced. Although we find substantial...

Recent research verifying the phenomenon of long-range transport of airborne residuals suggests a variety of potential damages to a recipient region from point sources far removed. One type of loss to such a recipient region not previously investigated is the potential forgone economic growth...

The dramatic increase in energy efficiency in the U.S. economy since the early 1970s has been the subject of much study and controversy. Among the factors responsible for improved energy efficiency are better housekeeping measures, technological innovations and a changing product mix. These...