I am an economic theorist. The younger economists today tend to use the term “theory” to refer to the theory of games and decisions; in fact, I have contributed to game theory. But my main theoretical interest is in economic systems – in systems of economic organization. I have found myself comparing the outcomes of a system against those of another system and in gauging the human rewards of di...

We consider a model where two adversaries can spend resources in acquiring public information about the unknown state of the world in order to influence the choice of a decision maker. We characterize the sampling strategies of the adversaries in the equilibrium of the game. We show that, as the cost of information acquisition for one adversary increases, that person collects less evidence wher...

The purpose of this brief concluding chapter is to summarize our analysis by stages and to point up some implications for economic and sociological theory, respectively, and for the relations between them. Our central proposition is that economic theory is a special case of the general theory of social systems, which is in turn one of the main branches of the developing general theory of action...

concept of “economic man” is one of the principal assumptions of economic approach to law. based on this assumption, economic approach, a modern and leading school of thought in legal philosophy, seeks to explain and predict individual behavior in legal framework and make recommendations and prescriptions so as to improve the effects of laws and regulations on legal actors. in this paper, in ad...

abstract on 6 december 2006, australia and korea announced a joint study on a possible australia-korea free trade agreement (akfta) to promote trade and economic relations between the two countries. the paper provides empirical evidence on the possible gains and their transmission mechanism from this agreement. significantly, it uses a new economic policy modelling approach, the endogenous grav...

In the nineteenth century, scholars trained in both mathematics and political economy began to construct economic theory in mathematical form. Over the course of the next half century, mathematical analysis gradually came to be applied, sometimes implicitly and often relegated to appendices and footnotes, in more and more parts of economic theory. Then, quite suddenly, in the years immediately ...