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...

Four important arguments for probabilism—the Dutch Book, representation theorem, calibration, and gradational accuracy arguments—have a strikingly similar structure. Each begins with a mathematical theorem, a conditional with an existentially quantified consequent, of the general form: if your credences are not probabilities, then there is a way in which your rationality is impugned. Each argum...

nowadays, suppliers in order to maintain and improve their positions against othernational and international suppliers take advantage of their brand equity, but the problem is that industrial suppliers do not know what factors are influencing for development and promotion industrial brand equity and also do not know how to enhance brand equity, to improve brand performance in industrial markets...

The improper layout of urban public parks leads to the difference between citizens sharing or not sharing this kind of public resource, particularly in the historical districts of mountainous cities in China. The purpose of this study is to explore the spatial equity and quantitative measures of urban public parks’ layouts by building a demand index of socially vulnerable groups sharing public ...

A powerful case can be made for the expansion of secondary education in developing countries on the grounds of growth, poverty reduction, equity, and social cohesion. The argument is particularly germane for countries that have achieved high levels of primary education coverage but still have low enrollments at the secondary level. This chapter examines the evidence for the growing importance o...

Social science employs teleological explanations which depend upon the rationality principle, according to which people exhibit instrumental rationality. Popper points out that people also exhibit critical rationality, the tendency to stand back from, and to question or criticise, their views. I explain how our critical rationality impugns the explanatory value of the rationality principle and ...