Related papers: Infinite Growth: A Curse or a Blessing?
A step to consilience, starting with a deconstruction of the causality of uncertainty that is embedded in the fundamentals of growth and inequality, following a construction of aggregation laws that disclose the invariance principle across…
While it remains the staple of virtually all cosmological teaching, the concept of expanding space in explaining the increasing separation of galaxies has recently come under fire as a dangerous idea whose application leads to the…
This paper presents a model that studies the impact of credit expansions arising from increases in collateral values or lower interest rate policies on long-run productivity and economic growth in a two-sector endogenous growth economy,…
In the last decade, a large body of literature has been developed to explain the universal features of inequality in terms of income and wealth. By now, it is established that the distributions of income and wealth in various economies show…
Understanding if and how mutants reach fixation in populations is an important question in evolutionary biology. We study the impact of population growth has on the success of mutants. To systematically understand the effects of growth we…
We review the status of bouncing cosmologies as alternatives to cosmological inflation for providing a description of the very early universe, and a source for the cosmological perturbations which are observed today. We focus on the…
The subject of this study is inflation, a problem that has plagued America and the world over the last several decades. Despite a rich trove of scholarly studies and a wide range of tools developed to deal with inflation, we are nowhere…
This study re-examines the impact of natural disasters on economic growth in the perspective of developed and developing countries. Based on panel data consisting of developing and developed countries over the period 1990-2019 and using…
Economic growth is measured as the rate of relative change in gross domestic product (GDP) per capita. Yet, when incomes follow random multiplicative growth, the ensemble-average (GDP per capita) growth rate is higher than the time-average…
This document is the Special Issue of the First International Conference on the Evolution and Development of the Universe (EDU 2008). Please refer to the preface and introduction for more details on the contributions. Keywords:…
The seriousness of the current crisis urgently demands new economic thinking that breaks the austerity vs. deficit spending circle in economic policy. The core tenet of the paper is that the most important problems that natural and social…
A popular science article designed to introduce people familiar with basic cosmological nomenclature with models alternative to cosmological inflation. The paper briefly discusses the modern view of the Big Bang model, inflation (both its…
Data describing historical economic growth are analysed. Included in the analysis is the world and regional economic growth. The analysis demonstrates that historical economic growth had a natural tendency to follow hyperbolic…
Since its early beginnings, mankind has put to test many different society forms, and this fact raises a complex of interesting questions. The objective of this paper is to present a general population model which takes essential features…
This paper studies the income fluctuation problem with capital income risk (i.e., dispersion in the rate of return to wealth). Wealth returns and labor earnings are allowed to be serially correlated and mutually dependent. Rewards can be…
The origin of the dark energy which is assumed to be responsible for the observed accelerated expansion of the universe still remains a scientific dilemma. Here we propose a tentative origin for this energy, if it is coming from a…
Classic economic science is reaching the limits of its explanatory powers. Complexity science uses an increasingly larger set of different methods to analyze physical, biological, cultural, social, and economic factors, providing a broader…
This paper investigates the evolving dynamics of international trade, emphasizing the strategic interplay between competition and cooperation within the global trade network. It argues that competitive advantages - rather than traditional…
Use is made of rigorous definitions for the terms normal, natural, and harmonic to reveal a number of unfamiliar aspects about them. The Gaussian distribution is not sufficient to determine who is normal, and fluctuations above or below a…
Ecologists have long argued about the strength of density dependence and population regulation, respectively defined as the short-term and long-term rates of return to equilibrium. Here, I give three arguments for the intractability of…