An interesting article was published today on The Conversation web site about the role of corporate law in the demise of BHS, a British retail corporation that was deliberated bankrupted by its main shareholder and director, Philip Green. All in all, it is a horrendous case of how corporate law facilitates the undermining of economic wealth generation…
Understanding the role of institutions in the economy: A mathematical approach
Over the past couple of decades it has become more and more recognised in economics that socio-economic institutions are essential for the functioning of the economy. This research has emanated from the seminal work of Douglas North in his study of various economic systems throughout economic history and of Ronald Coase in the understanding of…
New paper on partial cooperation
I just added a new working paper on partial cooperation in non-cooperative games on the economic theory page. It addresses how to consider a group of decision makers to coordinate certain strategic actions, while all other actions remain purely non-cooperative. The paper generalises the existing contributions to this partial cooperation problem to include more complex…
Game theory can only get Greece so far in its fight with Germany
A second article in The Conversation addresses how game theory can help us understand the plight of Greece in its relationship with the European Union.
Why Apple is the world’s most successful company – the power of networks
I have recently published an article on The Conversation web site on the success of Apple from a network perspective.
Freedom in our contemporary global economy
What is freedom? It seems that this question has become very important in the age of neoliberal decline of civic society. Recently, in an interview with the Guardian newspaper, the marxist philosopher Slavoj Zizek discussed freedom in our age of the Arab Spring and the Occupy movement. Zizek is as usual rather fuzzy about what exactly…