behavioral-economics

Standard economic theory, built exclusively on instrumental rationality (means-end calculation for material efficiency), cannot explain the explosive growth of the digital social economy nor resolve the persistent Solow paradox: massivecomputing & AI investments have failed to deliver corresponding productivity gains; to address this, we develop a new ontological foundation for economics based on…

This paper takes the Turing computability boundary as a meta-axiom and constructs a unified dynamic general equilibrium framework of human-machine symbiosis. We first provide a rigorous mathematical definition of the Universal Turing Machine (UTM) using the standard seven-tuple structure, establish its equivalence to recursive functions and finite formal axiomatic systems, and prove that all cont…

Rapid advances in artificial intelligence have reignited two fundamental questions: what constitutes the irreplaceable core of human economic capacity, and what anchors economic value when automated systems can perform most routine cognitive and physical tasks. Canonical task-based models, relying on ad-hoc ex-post classifications of routine versus non-routine work, cannot explain the observed 15…

The "Solow Paradox of the AI Era"—exponential computing power growth amid slowing global productivity—remains unexplained by standard growth frameworks, which uniformly treat AI as an advanced production tool and implicitly assume formalized computation can replicate all human economic capabilities. We argue this assumption is fundamentally flawed: all digital systems are trapped in the "Turing C…

International audience

Urvashi Bisani, O.P. Jindal Global University ABSTRACT Corporate governance has long been structured around the principle of shareholder primacy. The doctrine, famously articulated by Milton Friedman in 1970, that a corporation’s sole legitimate purpose is the maximisation of shareholder profit. This paper challenges that orthodoxy. Drawing on stakeholder theory, comparative corporate law, and th…

Nature Human Behaviour, Published online: 20 May 2026; doi:10.1038/s41562-026-02471-y Support for drug policies reflects status quo bias: the public favours legal drugs more than hypothetical drugs with identical properties. The reverse holds for illegal drugs. Harm information reduces this bias for legal drugs, but not illegal ones.

Mo Yan’s Red Sorghum Family vividly represents local culture through its extensive use of the Gaomi dialect. However, in cross-cultural translation, the rendering of dialectal expressions, particularly metaphorical ones, poses significant challenges, as linguistic and cultural disparities often hinder the preservation of their original connotations and cultural resonance. How to accurat…

This paper presents an overview of "Psyche-Civilizational Engineering (WFM-8)," a non-anthropocentric framework that redefines the psyche through the novel axioms of "Consciousness" and "Mind". By utilizing Critical Cutoff Engineering (CCE), we mathematically model the dynamics of anomie and suicidality. We introduce the Overlay Depth Index (ODI) to quantify inverse-phase indoctrination and the P…

The Conditions of the Invisible Hand is a diagnostic examination of the libertarian economic tradition conducted from inside the tradition itself. Working from Smith, Ricardo, and Hayek as its principal figures, alongside Bastiat, Mises, Kirzner, Friedman, Sowell, Rothbard, and Rand, the monograph extracts thirty-one conditions the tradition's canonical sources specify as constitutive of a real m…

This study examined the interrelated factors influencing students’ academic performance in mathematics in terms of attitude toward mathematics, self-confidence, and learning strategies. A descriptive-correlational research design was utilized involving forty-two Grade 12 students from a private secondary school in the Division of Misamis Occidental. Data were gathered using a researcher-made ques…

Abstract This paper discusses how the Belt and Road Initiative (BRI) affect logistics infrastructure and supply chain performance in China and some of the Gulf Cooperation Council (GCC) countries, and specifically how the quality of governance moderate these effects. The analysis utilizes a balanced panel dataset between 1996 and 2023 that employs a fixed effect panel regression model, which comp…

This study aims to analyze the effect of the Coretax System and tax awareness on MSME taxpayer compliance in Pekanbaru, with tax sanctions as a moderating variable. This research uses a quantitative approach with a survey method. The sample consists of 200 MSME respondents registered at KPP Pratama Pekanbaru Senapelan who have implemented the Coretax System. Data analysis was conducted using mult…

Heterodox economics differs from orthodox or mainstream economics. It draws on a multiplicity of ideas, disciplines, methods and voices to present a more radical alternative to the dominant paradigm of neoclassical economics, which is viewed as overly narrow and blind-sided to how economies actually work. Andrew Trigg traces the heterodox tradition from its origins in the anti-capitalism ideas of…