

Economics, Biology, and the Limits of Physics:Rethinking Method, Ethics, and the Nature of Economic Life
Introduction Modern economics defined itself, particularly after the marginal revolution, as a value-neutral, positive science modeled on physics. Equilibrium, optimization, and productivity became its organizing principles. This methodological choice delivered analytical clarity and mathematical tractability, but it did so by abstracting from historical irreversibility, institutional change, and ecological limits. As a result, economics became increasingly incapable of addre
Arda Tunca
Jul 218 min read


Beyond Inflation in Turkey: A Civilizational Contradiction and the Economic Vicious Circle
Turkey has long struggled with severe inflation. This problem should not be viewed merely as a technical macroeconomic variable reflecting increases in the general price level. Turkey's inflation experience has exhibited distinct historical turning points across different periods. Historical series compiled by the World Bank from IMF data show that annual consumer inflation generally remained in single digits during the 1960s. However, a marked acceleration emerged during the
Arda Tunca
May 247 min read


A Typology of AI and Firm-Level Adoption
Abstract Despite widespread enthusiasm about artificial intelligence (AI) and its potential to reshape productivity , adoption in the...
Arda Tunca
Jul 24, 202512 min read









