This paper is a reply to Barry Ickes' critique of my paper “Trust versus Illusion: What is Driving Demonetization in Russia?” in which I show that the data reject Barry Ickes' Virtual Economy explanation of barter in Russia in favor of an institutional explanation based on the lack of trust. JEL Classification: D20, G30, O10, P30

In this paper we are concerned with the implications of information and communications technologies (ICTs), and the so-called “new economy” with which they are associated, for regional development. As such, we are concerned particularly with examining the ways in which ICTs may “change the balance” between centralising and decentralising dynamics in the space-economy. A number of starkly differ...

The effect of economic change on the Latino to non-Latino White earnings gap has been well documented; however much of this research has focused on Latinos as a general category with little focus on subgroup variations. Despite varied histories and demographic characteristics Mexicans, Puerto Ricans and Cubans, the largest Hispanic subgroups, have usually been combined in analyses of earnings g...

too far in prioritizing consumption in analyses of the cultural economy. The article adopts a version of the ‘production of culture’ perspective and is illustrated through discussion of three interrelated fields of the cultural economy: the new economy, creativity and consumption. The article argues in favour of studies of the material culture of production (redefined to take in the whole ‘cycl...

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...