To face the challenge of feeding a growing population that changes its lifestyle and diet while trying to conserve natural resources protect biodiversity, there are three main strategies: 1) changing current agricultural practices, 2) reducing losses waste throughout food production processing chain, 3) promoting healthy sustainable diets. Strategies (1) (2) have been largely considered in Arge...

Most research on the persistence of profits models their evolution as a first-order autoregressive process. We present an alternative framework using structural time series analysis, decomposing the overall series into trend, autoregressive, cyclical and irregular components. A persistence-of-profits taxonomy is introduced, based on the level and slope of the long run trend in the final vector ...

This paper is an exploratory analysis of the role that banks play in supporting what Jevons called the “mechanism of exchange.” It considers a model economy in which exchange activities are facilitated and coordinated by a self-organizing network of entrepreneurial trading firms. Collectively, these firms play the part of the Walrasian auctioneer, matching buyers with sellers and helping the ec...

We examine trends since 1980 in material extraction in China, India, Indonesia, and Japan—which together contain over 40% of the world’s population—to assess the environmental consequences of modernization. Economic and population growth has driven rapid expansion of material extraction in China, India, and Indonesia since 1980. China and India exhibit patterns consistent with the Jevons parado...

We all experience feelings related to our uncertainty about the future, such as hopefulness, anxiety, and suspense. Psychologists have long recognized the importance of these anticipatory emotions, with anxiety theory being one of the most dynamic Želds of psychological research. Economists, in contrast, have paid little attention to the anticipatory emotions, and what attention has been paid h...