The business cycle is a frequent topic in economic research; however, the approach based on individual strategies often remains neglected. aspiration of this study to prove that behavior individuals can originate and fuel an cycle. For purpose, we are using algorithm repeated dove–hawk game. results reveal sum output society affected by ratio strategies. Cyclical changes will be translated into...

There are two major theories about trade’s effect on the environment. The first, a win-lose scenario, posits that trade liberalization leads to economic growth, which, while increasing incomes, also results in an increasing scale of economic activity and, therefore, greater environmental degradation. This effect might also be compounded by a composition effect, in which countries specialize in ...

The main concern of economic science is to explain the Wealth of Nations. This tradition implies on the one hand, that wealth must be evaluated i.e.: economic science must elaborate a price theory; on the other hand, money should be integrated in economic theories because prices are expressed in monetary terms. Mainstream economic theory succeeds in price determination (with some limits) but fa...