Culture refers to patterns of behaviour, attitudes and beliefs that are common to a group of people who commonly share these attributes and who use them for their identity.

Income distributive justice is a political subjective phrase related to an income distribution rather than to a scientific issue. Most people believe that income inequality should be as small as possible. Nevertheless, it is understood that a certain gap between the rich and the poor is necessary to stimulate competition

I was privileged to meet Milton Friedman when I was a student in Japan in 1969. The lecture that he gave that August afternoon in the Nihon Keizai Shimbun Hall in Tokyo on “Monetary versus Fiscal Policy” had a profound impact on my thinking.

For those who have been Rip Van Winkling it for the last little while Ross Ulbricht set up Silk Road, which was an electronic market for buying and selling illegal drugs.

Evolution of technology is a stepwise advancement of a complex system of artifact, driven by interactions with sub-systems and other technological systems, considering technical choices, technical requirements and science advances, which generate new and/or...

The Kaldor-Pasinetti equation has a much deeper meaning than is commonly believed. It describes the fair distribution of total income between capitalists and workers.

New Institutional Economics is a field of economics which expands the neoclassical concept. Its main representatives are Ronald Coase and Oliver Williamson. In 1937 Ronald Coase describes the firm as a result of relationships which arise when the role of the market is undertaken by the manager-entrepreneur.

There are many market anomalies observed in financial markets that efficient-market hypothesis (EMH) and standard asset-pricing models cannot explain.

Central banking is familiar to most people, at least on a practical level, as the monetary system of their country. A central bank is a monetary authority that has discretionary monopoly control of the supply of the reserves of commercial banks.

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