In recent years, interest in the role of institutions in economic society has increased and economists have been forced to incorporate them into economic analysis. The institutional perspective has not only brought new challenges for economics, but also led to a re-evaluation, redefinition, and transformation of the discipline itself. It would not be an overstatement to say that the method by w...

The very name of my subject, economics, suggests economizing or maximizing. But Political Economy has gone a long way beyond home economics. Indeed, it is only in the last third of the century, within my own lifetime as a scholar, that economic theory has had many pretensions to being itself useful to the practical businessman or bureaucrat. I seem to recall that a great economist of the last g...

The attempt to make economics computational is not new, given that economics is by nature both mathematical and quantitative. The use of computational models is so prevalent that one can hardly see the need to disentangle a field called computational economics from other branches of economics, let alone even bother to ask what it is. On their Web site, the Society of Computational Economics pro...

This paper discusses how economic ethics can profit from taking into account the results of behavioral economics. In contrast to the neo-classical mainstream of economics, behavioral economics does not presuppose the model of ‘economic man’, but explores the ways in which real human beings make economic decisions. The example of akrasia and its effects on old-age saving shows that behavioral ec...

BRAKMAN S. and GARRETSEN H. (2003) Rethinking the ‘new’ geographical economics, Reg. Studies 37, 637–648. Mainstream economics and geography have largely developed separately. With some notable exceptions, this had led to a situation in which economists and geographers analyse similar issues, but do so in a very different framework and without taking much notice of each other’s work. The main t...

If unpriced emission of greenhouse gases imposes real costs on future generations, both present and future generations can enjoy a higher consumption of economic goods and services through the correction of this unpriced externality, so there is no real economic opportunity cost to mitigation of global warming. The misperception that control of global warming is costly rests on the mistaken ass...

A survey of current topics in network economics, a relatively new and growing field of research at the intersection of economics and network theory. Case studies in spam email, Internet routing, and graphical economics are presented as practical applications. A network economic analysis of international trade is also offered. Most of the current literature addresses a highly technical audience....