Stock prices move as corporate earnings prospects change, but they also move as investors change their aversion to risk. One of the central tenets of finance is that investors expect higher return for taking risk. They exchange some of their riskless securities for risky assets because they...

In this paper we present an alternative bio-epistemological-based approach to economic ethics issues, which suggests that economists need not only an understanding of the ecosystem in terms of irreversibility, but even more an understanding of the way the process in ecosystem make actual the...

Inflation is considered one of the most sensitive macroeconomic phenomena in modern economies (inducing significant distorsions in the productive structure of the economy and social injustice in the market). Three of the most important theories that explain the nature and the causes of inflation...