Bounded rationality has often been invoked in the theory of economic organization, mainly to rationalize contractual incompleteness. I argue that one may distinguish between " thin " and " thick " notions of bounded rationality; that models that rely on thin notions are often effectively indistinguishable from models that rely on full rationality; and that the value-added in terms of economic c...

The theory of corporate social responsibility holds that a company must not only fulfill its economic responsibility of making profits for its shareholders, but also undertake broad legal, ethical and philanthropic responsibilities. The notion of corporate social responsibility is most vulnerable to the argument that fulfillment of social responsibility will affect the company’s financial perfo...

Due to tremendous growth in information technology (IT) and economic globalization now the competition is among enterprises and their supply chains and not restricted to enterprises only. In the present global economic scenario, the organizations are forced to rethink their operations, alliances, partnerships and strategies to cope with these and similar changes. Supply chain competitiveness ha...

This paper presents an overtly theological critique of the governmental regulation of the international transfer pricing activities of multi-national enterprises. In the transfer-pricing arena, it is known that MNEs transfer substantial values across national borders. The Organisation for Economic Cooperation and Development developed a set of Transfer Pricing Guidelines for Multinational Enter...

Rationality is a fundamental concept in economics. Most researchers will accept that human beings are not fully rational. Herbert Simon suggested that we are “bounded rational”. However, it is very difficult to quantify “bounded rationality”, and therefore it is difficult to pinpoint its impact to all those economic theories that depend on the assumption of full rationality. Ariel Rubinstein pr...

Lencucha and Thow’s paper offers an important addition and corrective to the burgeoning body of work in public health on the ‘commercial determinants of health’ in the context of non-communicable diseases (NCDs). Rather than tracing the origins of incoherence across policy sectors to the nefarious actions of industry, they argue that we need to be better attuned to the ...

oppenheimer and zalta, in a co-authored paper, argue that the anselm’s ontological argument can be formalized based on free logic and the concept of conceivability. according to their version, there are only two premises in anselm’s argument. we will argue that one can extend their formalization by introducing an argument for one of the two premises based on anselm’s text. we will also show tha...

This paper adopts the industrial capabilities argument and the concept of revealed comparative advantage as the basis for evaluating the competitiveness of the UK creative industries in sustaining export growth. The empirical results have revealed a heterogeneous nature of the economic linkages and comparative advantage positions within the UK creative sector. There is also evidence to support ...

According to a widely held view, rationality demands that the preferences of person be transitive. The transitivity assumption is an axiom in standard theories rational choice. It also prima facie very plausible. I argue here not necessary condition rationality; it constraint only some cases. argument presented based on non-linearity differential utility functions. This paper has four parts. Fi...

Although explanation is widely regarded as an important concept in the study of rational inquiry, it remains largely unexplored outside the philosophy of science. This, I believe, is not due to oversight as much as to institutional resistance. In analytic philosophy it is basic that epistemic rationality is a function of justification and that justification is a function of argument. Explanatio...