This paper presents a rudimentary attempt to subsume violations of the ‘Laws of Demand and Supply’ (namely, expectations of further price decreases/increases, Giffen/Gray goods, and Veblen goods) into a framework of ‘perceived price’ (as opposed to the implicit convention of monetary...

I conceptualise the informal outlines of a new voting system / mechanism that is more holistic and democratically just – the proposed alternative would incorporate (gender) quotas amongst other fundamental, important aspects. The conceptual outline seeks to resolve the primary (intellectual)...

I briefly review key findings within the vast and extensive literature on microcredit and its efficacy as a means to gender empowerment and gender equality for poor women in the global South. I argue that the evidence suggests that it is ultimately empowering and has benefited many despite its...

This paper updates the Shapiro-Stiglitz (1984) efficiency wage model with technical progress. Involuntary unemployment may not necessarily exist in a long-run equilibrium even when efficiency wages resulting from competitive markets are paid. The effect of reducing real (monetary) unemployment...