The role of mathematics in economic analysis is not yet a settled question. Smith, Ricardo, Mill and other eminent classical economists did not use mathematics in their economic theorizations. We have defined classical mathematical economics as the whole body of literature in mathematical treatment of economics originating mainly from the contributions of Cournot,  Jevons and Walras. There are ...

As emphasized by Barney (1986), any explanation of superior profitability must account for why the resources supporting such profitability could have been acquired for a price below their rent generating capacity. Building upon the literature in economics on coordination failures and incomplete markets, we suggest a framework for analyzing such strategic factor market inefficiencies. Our point ...

For the launch of a new cycle of seminars, the Chair was pleased to invite Bernardo Huberman, Director of the Social Computing Lab at Hewlett-Packard Laboratories and Consulting Professor in the Department of Applied Physics at Stanford University. The Chair took the opportunity to have, Pr. Huberman presenting his work on management and governance of on line communities, during a seminar May 2...

Many of us decided to study economics because we were interested in issues such as economic growth, unemployment, poverty, discrimination and social exclusion. And for much of the history of the discipline, economists grappled with explaining such phenomena and, hopefully, helped to improve the development of economic policy. But now the discipline is increasingly dominated by other concerns, s...

This article presents results from a research project on the economic aspects of terrorism conducted by researchers from the Department of National and Regional Security in conjunction with the Center for Strategic Studies of Defense and Security in the University of National and World Economy. The article elaborates mainly on two directions. First, the main stages of the project are presented ...

introduction: managers, as the members of decision making team in hospitals, are required to understand economic issues in order to increase their knowledge, make better decisions making, and bring about economic growth in hospitals. thus by measuring the managers’ level of economic knowledge and understanding their weaknesses at this field, we can take an important step in line with this trans...

This essay begins with introductions to the two sides of organizational economics: the economics of internal organization (which focuses on the internal structure and functioning of organizations) and the economic theory of the firm (which focuses on organizations’ boundaries and on relationships across these boundaries). Taken literally, these issues are only loosely related to the conference ...

The integration process between evolutionary approach and conventional economic analysis is very essential for the next development of economic studies, especially in the fundamental concepts of modern economics: supply and demand analysis. In this presentation, we use the concept of meme to explore evolution of demand. This study offers an evolutionary model of demand, which views utility as a...

Interview with John Nye_4 New Institutional Economics: A State-of-the-Art Review for Economic Sociologists by Rinat Menyashev, Timur Natkhov, Leonid Polishchuk, and Georgiy Syunyaev_12 “New Institutional Economics” versus “Economics of Conventions” by Olivier Favereau_22 Petering Out or Flaming Up? New Institutional Economics in East-Central Europe by János Mátyas Kovács_28 Call for Papers_40 A...