The growth of information economics has lead to a substantial re-consideration of the role of prices. Instead of the conventional neo-classical view of prices a
Why do consumer prices and wages adjust so slowly to changes in market conditions? The rigidity or stickiness of price setting in business is central to Keynesi
Posing a major challenge to economic orthodoxy, Imperfect Knowledge Economics asserts that exact models of purposeful human behavior are beyond the reach of eco
The development of international trade theory has created a wide array of different theories, concepts and results. Nevertheless, trade theory has been split be
Contemporary capitalistic systems have been undergoing profound transformations determined by the transition towards the so-called knowledge based economy, i.e.