Path dependency in contemporary economics

A Defence of Contemporary Economics: Zombie Economics in Review

John Quiggin wants what fundamentally all economists want. He would like to make society better off. Of course, economists differ over how that goal should be accomplished. Quiggin thinks that society would be better off if income and wealth were redistributed from the currently rich to the currently poor, if there were a larger role for the government, and if fluctuations in aggregate employme...

Law and Economics: Contemporary Approaches

What’s wrong with contemporary economics?

It is argued that in educating economists we should sacriŽ ce some of the more technical aspects of economics (which can be learned later), in favour of the compulsory inclusion of philosophy, political science, and economic history. Three reasons for these interdisciplinary studies are given. In the discussion of the place of mathematics in economics, fuzziness enters when symbols a, b, c are ...

Major Contemporary Issues in Sports Economics

1. A globalizing sports economy 1.1 The Economic Significance of Sport 1.2 From Sport Participation to Global Sport Markets 1.3 Sports and Economic (Under-) Development 2. Sports economics: the economic determinants and impact of sport activities 2.1. The economic determinants of sport performances 2.2. The economic impact of sports megaevents 2.3. The economic theory of professional team sport...

Contemporary Welfare Economics and Ecological Economics Valuation and Policy

1. Introduction The question of value has been central to economics since its inception as a scientific discipline. The Classical economists thought deeply about the distinction between use value and exchange value and the relationship between human happiness and the market prices of goods and services. With the development of marginal value theory, beginning in the 1870s, the value problem see...