Consumers’ time allocation decisions among various activities are fundamental to marketing research and consumer behavior. We construct a dynamic panel data model to examine how consumers allocate time to a portfolio of leisure activities over time. Our data comprise a longitudinal panel where...

As the economies are becoming knowledge intensive and industries are encountering hypercompetitive technology environments, and the markets undergoing large scale globalization with firms experiencing wild fluctuations in financial performance, firm governance structure and the functioning of...

The paper discusses the subject matter and approach of business ethics, and reflects on the roles of philosophy and economics in this field. I argue that, although established economics and ethics seem to be obvious reference points for business ethics, the methods of business ethics cannot just...

Ronald Coase merged two traditions in economics, marginalism and institutionalism. Neoclassical economics in the 1930s was characterized by an abstract conception of marginalism and frictionless resource movement. Marginal analysis did not seek to uncover the source of individual human...

In this paper I investigate two denials in Milton Friedman's Nobel Lecture (1976). The first is [i] the denial that 'Economics and its fellow social sciences' ought to be 'regarded more nearly as branches of philosophy.' The second is [ii] the denial that economics is 'enmeshed with values at...

Following a stream of experimental results (e.g. Marwell and Ames 1981, Carter and Irons 1991, Frank et al. 1993, Yezer et al. 1996, Selten and Ockenfelds 1998, Frank and Schulze 2000, Frey and Meier 2002, Rubinstein 2006), it has become common to believe that economists are more selfish than...

This is a Review of Guido Calabresi’s fascinating and thought-provoking new book, The Future of Law and Economics (presented in a book symposium held at the Hebrew University of Jerusalem in December 2016). The Review proposes to break the notion of commodification, as used by Calabresi, into...

Iain McGilchrist richly explains the right and left hemispheres of the brain, how each functions and what each tends to do. This paper serves, firstly, as a primer to McGilchrist’s fascinating exposition. Second, it offers a formulation that uses a spiral to structure the iterative and layered...

This paper continues the analysis of an organization in a community from within the spiritual model of humanity. The paper shows how corporate social responsibility is an integral aspect of governance strategic responsibility in integrating the organization into the community in which it is embedded