Abstract What went so wrong in economics started in 1939 with ‘The Hicksian Getaway,’ where – after over ten years of debate assuming increasing returns – Hicks asserted decreasing returns as the basis for his competitive frame, dismissing any “useful analysis” of increasing returns....

В икономическата теория на Маркс съществуват редица проблеми, един от които е за интегрирането, и за логическата връзка между теорията за парите и теорията за...

The purpose of this article is, on the one hand, to shed light on some significant aspects of Ricardo's theory of value and on the other hand to show that Ricardo's insights about the explanatory power of the relative labour times on the movement of relative prices were in the right direction....

Computer Assisted Education skills have opened a new era in the system of education around the globe and one of the building blocks in its adaptation in Afghanistan is the economic aspect of its acquisition and utilization which has weakened the process. In this paper, we test the significance...

Cirebon as a tourist town to face the problems related to the management of tourist attractions, hotel business development, renovation of buildings or cultural heritage, and the economic development of local communities in tourist locations. The needs of tourists and pilgrims is also a concern...

Cirebon as a tourist town to face the problems related to the management of tourist attractions, hotel business development, renovation of buildings or cultural heritage, and the economic development of local communities in tourist locations. The needs of tourists and pilgrims is also a concern...

The Neoclassical Theory assumes that individuals are essentially selfish and maximize the utility of their income, measured on some utility scale. It defines the rationality of individuals based on preference relations, which should not change by the context. However, it is a fact that...

Ken Arrow (1998) asks, “What has economics to say about racial discrimination?” He replies – entirely correctly – that racial “segregation within an industry – that is, firms with either all black or all white labor forces” – may be explained by economic theory, but “the...

Under the background of the electronic security trading platform Xetra operated by Frankfurt Stock Exchange, we consider the Xetra auction market system (XAMS) from `bottom-up', which the interaction among heterogeneous traders and Xetra auction market mechanism generates non-equilibrium price...

We present a new “reason-based” approach to the formal representation of moral theories, drawing on recent decision-theoretic work. We show that any moral theory within a very large class can be represented in terms of two parameters: (i) a specification of which properties of the objects of...