Introduction The negative impact of hypoglycaemic events on health-related quality of life (HRQoL) may be evaluated by attaching published disutilities to these events. It is suggested that the ...
A simple idea from game theory could yet upset the sacred tenants of neoclassical economics. This articles explores the implications for the theory of distribution and Keynes's theory of effective ...
Recently on Open Democracy, William Davies described how the concept of fairness has been decoupled from issues of class and power in the UK. New Labour's innovation had been to find a way to pursue ...
As production (real GDP) grows, its marginal utility declines, because we satisfy our most important needs first. Likewise, the marginal disutilitiy inflicted by growth increases, because as the ...
In 1992, Mr Bill Clinton used the catchphrase — “It’s the economy, stupid!” — to successfully wrest the American presidency from Mr George H W Bush. Today, the elephant in the room is not the economy; ...