Preface and Acknowledgements1 An Overview2 Robots and their Economic Significance3 The impact of Robotization on Production Processes and its Rudimentary Economic Implications 4 Machine Learning and the Economy5 Robotization, the Economy and the Labour Market: A Look at Theoretical and Empirical...

This paper develops a model of emissions trading in which industrialized countries can exhibit a level of emissions which is more than their quota by buying emission permits from other industrialized countries (which use less than their quota) or "certified emission reductions" from developing...

The basic conclusion of this paper is that ignoring the negative welfare effects of unemployment in the form of terrorism and consequent loss of output leads to the adoption of (i) level of employment of labour which is sub-optimal, (ii) levels of employment of capital and capital/labour ratios...

The financial side of terrorism has not been given due importance in the literature. This paper analyses the implications of the financial side of terrorism for the relationship between the incidence of terrorism and affluence. It is assumed that the number of recruits who volunteer to join a...