This study considers the validity of an assumption of the representative agent often made in economic models, that the behaviour of an economic group is adequately represented by each member of the group having the identical characteristics of the average. It can be tested whenever sufficient...

Going from invention to product or service has never been easy. With the increasing complexity of challenges and opportunities, many vital innovations can only be developed with partners. Such collaborations face challenges of culture, trust and geography. Innovation Passport tells the story of...

Against the complex economic backdrop of a deep-impact recession, rising public debt, and national austerity measures, this paper revisits LETS as one example of an alternative economic system and perhaps a more relevant operating mechanism for some communities in the months and years ahead....

The 2007–08 financial crisis has posed substantial challenges for bankers, economists and regulators: was it preventable, and how can such crises be avoided in future? This book addresses these questions. The Financial Crisis and the Regulation of Finance includes a comprehensive overview...

Against the complex economic backdrop of a deep-impact recession, rising public debt, and national austerity measures, this paper revisits LETS as one example of an alternative economic system and perhaps a more relevant operating mechanism for some communities in the months and years ahead....