VOLUME 5(2) • 2010
THE MORAL ASPECT OF BUSINESS DECISIONS
ABSTRACT. Baker contends that ethical rules in society change in time and are different in different cultures. McGee maintains that efficiency is a variant of utilitarian ethics. Doorn asserts that Rawls’ method of wide reflective equilibrium explicates and defends his theory of justice. Burton..
RUBRICS AS AN EVALUATION TOOL IN MACROECONOMICS
Abstract. Critical thinking and writing skills are necessary competencies for effective communication, problem resolution, and analysis in economics. Although there are several different approaches to evaluate critical thinking and writing skills, rubrics is an evaluation tool which provides mo..
MARKET INSTITUTIONS: AN EXPOSITORY ESSAY
ABSTRACT. This essay provides an elementary, unified introduction to the models of market institutions that go beyond the competitive model of price-taking behavior on both sides of the market. Several models of market institutions that govern price determination are explored and compared, including..
COULD BEHAVIORAL ECONOMICS HELP IMPROVE DIET QUALITY FOR NUTRITION ASSISTANCE PROGRAM PARTICIPANTS?
ABSTRACT. Findings from behavioral and psychological studies indicate that people regularly and predictably behave in ways that contradict some standard assumptions of economic analysis. Recognizing that consumption choices are determined by factors other than prices, income, and information illumin..
MAKING TRANSNATIONAL NETWORKS MORE ACCOUNTABLE
ABSTRACT. Because transnational networks of financial officials are likely to continue to play a central role in overseeing the coordination of financial regulation internationally, it is important to devote more attention to their accountability. We identify three distinct accountability problems a..
WHAT IS THE INTERNET OF THINGS? AN ECONOMIC PERSPECTIVE
ABSTRACT. In this paper, I tried to answer the question “What is the Internet of Things?” I did so by digesting a careful study of hundreds of applications that automatically or semi-automatically integrate real-world objects and places with the Internet. In the first step, I looked at the differenc..
THE POLITICAL ECONOMIES OF ECONOMIC LIBERALIZATION: THE ROLE OF DIFFUSION, CRISIS, AND PARTIES IN THE SHIFT TO FREE MARKET ECONOMIES
Abstract. What factors drove the global shift towards more market-oriented economic policies over the past three decades? The extant literature posits three main factors impacted policy-making in both the developed and the developing world: policy diffusion, economic constraints, and domestic p..
TRADE POLICY AS A PRESSURE TOOL: THE CASE OF US-BOLIVIAN DRUG POLICY
Abstract. When Evo Morales, former coca grower and leader of the coca-growers’ union, was elected president of Bolivia in 2005, many observers of Bolivian politics anticipated that Bolivia would rapidly cease cooperation with the United States in the “War on Drugs.” Suc..
A CRITIQUE OF YUNUS AND HIS MICRO-FINANCE
Abstract. Micro-finance is a left wing attack on the free enterprise system; as such, it ought to be opposed by all freedom lovers, at least in its present format. Other baggage weighing it down is, if not absolute fraud, then, what might well be considered at least serious chicanery. A further crit..
VALUES ECONOMICS, THEOLOGY AND LEGITIMACY: CATHOLIC SOCIAL THOUGHT AND ITS IMPLICATIONS FOR LEGAL REGULATORY SYSTEMS
Abstract. The dominant system of global private economic ordering, grounded in classical liberal economic theory and based on robust private markets and a limited state regulatory role, has come under attack. That attack has been sharpened over the last several decades as the development of many poo..