The commitments and working requirements of abstract, applied, and art of, economics are assessed within an analogy with the fields of inert matter and life. Abstract economics is the pure logic of the phenomenon. Applied ...

Many authors in the discipline as well as outsiders have claimed that the main results from Mathematical Economics are far removed from real world phenomena. A more precise version of this position is that one of the main ...

Originally proposed by philosopher of language John Austin, and later adapted by other social sciences, the performativity thesis has been known as a critique of the homo economicus of mainstream economics. The performativity ...

Designing a contract is often more of an economic than a legal problem. A good contract protects parties against opportunistic behavior while providing motivation to cooperate. This is where economics and, especially ...