This book presents the history of economic thought as it relates to today’s most pressing problems, and it emphasizes the critical connection that exists between what may seem cold, unrealistic mathematical economic models, and the quality of everyday life of any citizen of the planet earth....

This study is the first of a series of studies, collectively embodying a multiphase mixed methods design. The overall objective of these studies is to explore and address a variety of issues and features of the discipline of economics, particularly as they relate to and represent past present...

In this paper we have presented arguments for simplicity as epistemological criterion of economic research. In particular, have been important aspects that show how the tradition of the theory, to make principle simplicity to represent many empirical data of experience or information, was one of...

Academic economists have a strong influence on political discourse in Russia by delivering through courses of "Economic theory" and "Institutional economics" very harmful conceptual elements for political discourse. This article proposes to change radically these courses in such a way that,...

Academic economists have a strong influence on political discourse in Russia by delivering through courses of "Economic theory" and "Institutional economics" very harmful conceptual elements for political discourse. This article proposes to change radically these courses in such a way that,...

The territory affects how economic systems work, geographic proximity being a primary source of economic and social benefits. Generally speaking, territorial development is minimal determined by exogenous factors, while the main factors that influence the potential of local development are:...

The recent recession has brought a sharp decrease in income, output, and world trade, as well as an increase in unemployment in developed and underdeveloped countries. Experts such as Paul Krugman, Christina Romer, or Barry Eichengreen, compare the current situation with the Great Depression of...

This paper revisits the writings of the philosopher of science, Paul Feyerabend, in order to argue for pluralism in economics education. In particular, the benefits of pluralism, the role of science and the notion of scientific rationality are examined from the perspective of economics.

In Finance Behind the Veil of Money, Eduard Braun (2014: 30-36) takes the minority view that opportunity costs are not only unnecessary but even unhelpful to understanding choice. In doing so he follows George Reisman (1996: 460) who also views the “doctrine of opportunity cost” as not only...

No longer does society consider the full extent of the argument and consequences or benefits of a system change. All the record-breaking economic success of the last few decades simply furthers a divide between people/organizations that have money and people/organizations that need money....