Резюме Представени са някои неортодоксални аспекти на институционалния подход към пазарите като социални структури (институции). Демонстрирана е възможността...

In this survey we discuss advances in the agent-based modeling of economic and social systems. We present the state of the art in the heuristic design of agents and the connections to the results from laboratory experiments on agent behavior. We further discuss how large-scale social and...

The measure and optimisation of this relationship between the input and output in any organization is the “Productivity”. The closed cycle economic concept has confirmed that the manpower is the key contributor to the corporate performance. Hence, high performance manpower in any corporate...

This paper presents the rationale of comparative statics shows the relationships established between important concepts, such as abstract process, cause-effect assumptions, the static economic equilibrium and comparative statics. In turn, presents these categories from the perspective of the...

The paper is the second message (the first was called “Toward another economic science (and thus toward another institution of this science)”) of the author to the French heterodox economists (post-Keynesians, Marxists, regulationists, conventionalists, socio-economists) which has the aim to...

This review article introduces and evaluates various ways to aggregate probabilistic opinions of different individuals. For each of these three ways, an axiomatic characterization result is presented (a new one in the case of multiplicative pooling). The three ways satisfy different axioms and...

The biophysical limits of the monetary production economy are being formally explored, concerning the root causes of cyclical crises. At the end of this brief methodical discussion, an open guess is presented for a further investigation to resolve the 'mystery' of monetary systems behavior.

This paper analyzes the current state of research in macroeconomics in the light of first year macroeconomics courses offered in the 16 leading Ph.D programs. Our investigation confirms that methodological and ideological differences of 1970’s and 80’s are about to disappear as...

The paper uses daily data on financial stock index returns, tourism stock sub-index returns, exchange rate returns and interest rate differences from 1 June 2001 – 28 February 2014 for Taiwan to construct a novel latent daily tourism financial indicator, namely the Tourism Financial Conditions...