i am going to assess shortcomings of transaction cost economics (tce) of oliver williamson. my argument is that this analysis suffers from misidentification of the relevant problem of the theory, analytical incoherence, inconsistent empirical support and methodological defects. in formulating coase's fundamental idea, williamson accepts an efficient equilibrium which occurs once forever, t...

The exact process of the human brain and mind information development is still, in many ways, a true mystery. Nonetheless, it seems clear that evolutionary enabled to progress from most basic instinctive aspects evermore advanced levels abstraction, which permitted generation increasingly complex abilities elaborate language. But, how do we believe works? How are able acquire knowledge transmit...

This paper develops a m ethodology to m easure the im pact of price changes on poverty m easured by an entire class of additive separable poverty m easures. This im pact is captured by m eans of price elasticity of poverty. The total effect of changes in price on poverty is explained in term s of tw o com ponents. The first com ponent is the incom e effect of the change in price and the second ...

background: thalassemia is probably the most common single gene disorder causing a major public health problem in the world. currently, allogenic hematopoietic stem cell transplantation (hsct) is the only curative therapy for thalassemia. one major limitation of hsct is the lack of hla-identical sibling donors, so attention has turned to finding phenotypically matched unrelated donors. patients...

This paper tackles the problem of the demarcation of value judgments in economic expertise. Is it possible to disentangle values from facts, or neutral scientific assertions from value-laden judgments, in the context of economic expertise? If not, why not? And if it is, under what conditions? First, drawing on concepts from analytic philosophy, the paper highlights the interdependencies between...