Our modern society relies on an economic system that is mainly based on the mechanism of contracts. Right now our industrial and service society is changing to an even more modern information society. One of the most important indicators that shows this change is the growing digital economy. But without any trust of the economic community in electronic contracts the new economy will not be able...

Many people believe that we are now in a period of business changes as significant as those in the industrial revolution. This presentation suggested some provocative ideas about what some of these changes will be. For example, the talk described the possibilities of an “e-lance economy” where electronically connected free-lancers, joining together in temporary teams, will perform many of the t...

In the past, the energy planners through setting the desired level of economic growth simply used this figure as a base to which additional increases were made, dependent on changing population and supply conditions. Planning proceeded from the national, macroeconomic position, to the aggregate, sectoral and finally project levels. Such process was a virtual oneway linkage from economic growth ...

We consider agents who have a dynamic preference for flexibility, as in Krishna and Sadowski [2012] (KS). Such agents are uncertain about their future utilities. We first consider a version of the Lucas tree economy, where the representative agent behaves as in KS and is uncertain about his degree of future risk aversion. We show that in such an economy, the representative agent’s uncertainty a...

I guess it has been about three years since last I addressed this forum. For those of you who were here, you’ll either consider me consistent or boring depending on your point of view concerning what I have to say. My views are largely the same as they were three years ago. I’ll take a bit of your time to explain those views. I want to start by reading from something Phil Weiser sent me. He ema...

The paper analyses how the area of production and operations management (POM) in Brazil should change/adapt in order to remain relevant in the so called “new economy”. Drawing from insights coming from both the relevant literature and a survey, a preliminary research and teaching agenda is proposed.

â â â â  libya experienced a substantial increase in oil revenue as a result of increased oil prices during the period of the late 1970s and early 1980s, and again after 2000. recent increases in oil production and the price of oil, and their positive and negative macroeconomic impacts upon key macroeconomic variables, are of considerable contemporary importance to an oil dependent economy such...