This note introduces the USITC's Latin American regional, computable general equilibrium model, which combines flexible functional form modeling with dynamic analysis. It describes the rationale for experimenting with income elasticities of demand and sub

The general stream of economic thinking is thoroughly a-physical and a-historic. This direction is becoming increasingly absurd as the nexus between the human biomass and its ecological constraints ripens. Economics will eventually have to absorb apodictically that regardless of...

Since value and utility are the highest profile abstractions that underlie an epoch’s intellectual climate and ethical principles, their evolution reflects the transformation of socioeconomic conditions and institutions. The “Classical Phase” flourished during the first global system,...

Global income elasticity of trade (GIET) is the percentage increase in world imports or exports, attributable to a percentage increase in world income or output. Theoretical and econometric research has shown that greater ~than unitary income elasticities to import and to export have...

Jean Gebser (1905-1973) was a multidisciplinary thinker whose ideas about human consciousness and the future inspire the following five vantage points for the heterodox critique of contemporary economic anthropology: (1) Characteristic attributes of consciousness and those of the environment...