What is the status of claims about effects minimum wage laws? Empirical or praxeological? We claim latter. How can effect such legislation be best analyzed under assumption mis-behaving supply (backward bending) and demand (positively sloped, based on positing Giffen goods) curves? In usual manner: resource misallocation still occurs. But this only arguendo. More radically, curves are themselve...

This article answers Dr. Humphrey contention on the similarities between monetarist and Austrian approaches to neutrality of money. Monetarists at most only concentrate short term non while Austrians base their analysis in short, medium long neutrality. For more, monetarists lack a true theory capital that could let then understand thet even with flexible markets money would not be neutral term...

JEL classification: C51 C52 G11

Available online 1 July 2010 JEL classifications:

Motivated by applications to goodness of fit U-statistic testing, the jackknife empirical likelihood (JEL) for vector U-statistics is justified with two approaches and the Wilks theorems are proved. This extends empirical likelihood (EL) for general estimating equations (GEE’s) to U-statistics based GEE’s. The results are extended to allow for the use of estimated constraints and for the number...

JEL Classification Numbers: E 31, E 52

Available online 12 August 2011 JEL classifications:

This articles investigates the recent trends in co-authorship in economics. Using data from more than 700.000 journal articles we show that the average number of authors per has increased over the last years. This process is likely to be continued in the future. In a regression analysis we present evidence how the authorship of papers is related to the number of citations, the JEL classificatio...

We present a theory of interpersonal economic changes based on three simplest elements: Positive Sum Games, Zero-Sum and Games «with subtraction». This proposal integrates Menger’s Mises’s theories; it includes also the distinction made by Böhm-Bawerk between goods promises. On such ground we comprehensive explanation for boom-burst cycle processes, distinguishing where is damaging character re...