Somerville's brief critique of ecologically unequal exchange (EUE) theory illustrates how entangled traditional labour theories value are in 19th century discourse on political economy. His incapacity to understand the point EUE reflects idealist myopia such discourse, largely oblivious material metabolism world society. For theorists genuinely committed historical materialism, should provide a...

undoubtly, land degradation causes apparent decrease of natural resources potential which are highly linked to desertification. different countries and also international organization have realized a great number of projects to combat desertification. unfortunately these projects have not reach to their goals. the experiences shows that the reason of these unsuccessful works is lack of consider...

This paper argues that many of Adam Smith’s insights, particularly those in his Theory of moral sentiments, have a relevance to contemporary thought about economics and ethics that is currently underappreciated. In economics, for example, Smith was concerned not only with the sufficiency of self-interest at the moment of exchange but also with the wider moral motivations and institutions requir...

Trustworthiness is the foundation for trust, institutions, and per capita output in society. Trustworthiness is primary – a society’s willingness to trust and the quality of its institutions have their origins in the trustworthiness of its citizens. Trustworthiness is therefore the basis for maximizing output in economic exchange and in explaining differences in standards of living around the w...

This paper describes a course I developed on the Economics of Sin that integrates ethical and economic material.1 My hope is that this paper will be useful to economists interested in exploring ethically complex economic phenomena and to philosophers who are interested in the ethical implications of economic markets and policies. In keeping with this agenda, I proceed by discussing a framework ...

This paper argues that many of Adam Smith’s insights, particularly those in his Theory of moral sentiments, have a relevance to contemporary thought about economics and ethics that is currently underappreciated. In economics, for example, Smith was concerned not only with the sufficiency of self-interest at the moment of exchange but also with the wider moral motivations and institutions requir...

In spite of sonic pessimistic attitudes towards methodology of economics, it has succeeded as a central theme in numerous books, refereed journals, international conferences and symposiums whose volume is increasing at an unprecedented rate. The proliferation of methodological literature also is accompanied by a proliferation of issues that concern: the goals of economics, realism of economics,...

T is considerable debate on executive compensation in both the public arena and academia. This debate spans several important topics in economics, such as contract theory, corporate finance, corporate governance, labor economics, and income inequality. One side is the “rent extraction” view, which claims that current compensation practices sharply contrast the predictions of traditional agency ...

This paper seeks to offer a theoretical platform where the modern “resource-based view” of the firm might meet with evolutionary economics and the study of entrepreneurship, and with the economics of industrial organization. It does so by proposing the concept of the “resource economy” within which productive resources are produced and exchanged between firms. This is presented as the dual of t...