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Given the maturation of the internet and virtual communities, an important emerging issue in the humanities and social sciences is how to accurately analyze the vast quantity of documents on public and social network websites. Therefore, this chapter integrates political blogs and news articles to develop a public mood dynamic prediction model for the stock market, while referencing the behavioral finance perspective and online political community characteristics. The goal of this chapter is to apply a big data and opinion mining approach to a sentiment analysis for the relationship between political status and economic development in Taiwan. The proposed model is verified using experimental datasets collected from ChinaTimes.com, cnYES.com, Yahoo stock market news, and Google stock market news, covering the period from January 1, 2016 to June 30, 2017. The empirical results indicate the accuracy rate with which the proposed model forecasts stock prices.

This paper describes the interrelated nature of explanation, prediction and problem‐solving in social systems. Cybernetic analysis of social phenomena provides a unifying framework in this context. The analytic framework is briefly considered with reference to the problem of ethnic tensions in national societies. The first part of the paper discusses the conceptual apparatus of analysis and develops an integrated multi‐feedback loop model of the complex social phenomenon of ethnic tensions.

This study proposes a Bayesian approach to analyze structural breaks and examines whether structural changes have occurred, at the onset of civil war, with respect to economic development and population during the period from 1945 to 1999.

In the Bayesian logit regression changepoint model, parameters of covariates are allowed to shift individually, regime transitions can move back and forth, and the model is applicable to cross-sectional, time-series data.

Contrary to popular belief that the causal process of civil war changed with the end of the Cold War, the empirical analysis shows that the regression relationships between civil war and economic development, as well as between civil war and population, remain quite stable during the study period.

This is the first to develop a Bayesian logit regression changepoint model and to apply it to studies of economic development and civil war.

The theme of micro‐foundation of economic theory has not been adequately addressed. This is true even of those who pioneered the area of micro‐foundation of macro‐economics. The great missing link in economic theory, both of micro‐economics and macro‐economics, is the inability to methodologically integrate ethical and moral values through preference mapping. This missing methodology disables the study of institutions, policy formulation and normative statements of structural transformation. On the other hand, such issues are once again haunting the human race in the murky and troubled global relations today – from capitalism to war to governance. This paper addresses the preference mapping and embedding of ethical and moral issues as endogenous dynamics in economic theory. The approach is rigorous and methodological.

Provides an overview of accounting reform in China since 1993, illustrates the structure of the current (juridicial‐based) accounting system and lists the accounting standards being developed. Contrasts historical Chinese accounting methods with current attempts at international harmonization and identifies some remaining peculiarities, e.g. the dominance of the state, limited application of the prudence principle etc. Criticizes the lack of coherance in accounting regulation and the failure of accounting practice to comply with accounting standards and auditing requirements.

The purpose of this paper is to discuss and assess the consecutive Governments' policy for coal (1989‐2006) in the context of the systemic transformation of the Polish economy.

The paper presents a critical analysis of the rationale and effectiveness of government efforts to restructure the Polish coal mining industry in the light of economic theory, published literature, and a survey of three collieries. Some parallels, toutes proportions gardées, are drawn between the situation in the UK under Margaret Thatcher and that in Poland.

The paper argues that, despite throwing billions of zlotys at the industry in the form of direct subsidies and debt write‐offs, decision makers failed to make the collieries economically sound. The weaknesses of the consecutive governments – manifesting itself, amongst other things, in the unwillingness and/or inability to confront the miners' unions, to introduce market mechanisms into the sector, to ensure competent management and, crucially, to press on with nationwide economic liberalisation – are seen as the principal reasons behind the failure.

The paper highlights the root causes of government ineffectiveness as well as aspires to provide policy recommendations with a view to rendering the Polish coal industry economically viable in a free‐market reality.

It presents the coal mining industry as a relic of socialism and highlights the inconsistencies and inadequacies of the consecutive restructuring programmes; concludes that restructuring efforts – to be truly effective – have to be co‐ordinated with nationwide economic liberalisation.

This chapter discusses the evolution of German views on public debt 1850–1920, referring to three strands of secondary literature: (1) German retrospectives on public finance, (2) the historical literature with a public choice perspective, and (3) contributions to public/constitutional law, mainly referring to Lorenz von Stein. The skeptic view of public debt endorsed by authors of the second half of the period is shown to be related to politico-economic issues of state agency combined with new state functions, rather than to the rejection of Dietzel’s Proto-Keynesian macroeconomic reasoning.

Despite the growing literature on corruption, little is known about what is happening in most Islamic countries. Hence, the purpose of this paper is to argue that focussing on the adopted politico-economical ideology such as neoliberalism contributes in understanding the root of corruption.

Critical realism of the state of corruption in Muslim countries and secondary sources available in the literature review help account for corruption within the local settings.

Corruption takes on various forms and functions in different contexts, and it can occur at the international and national arenas and at various layers of the state. The paper argues that the adopted neoliberal politico-economical strategy in Muslim countries is the main source of corruption.

Corruption ranges from an act of payment that contradicts the law to an endemic malfunction of a political and economic system that may be attributed to individual moral or political or a combination of both. Hence, given the differences among Islamic countries, economic and political milieu case studies help explore the kind of corrupted leaderships in the particular country and how corruption is combated.

Corruption is a complex and multifaceted phenomenon. Accounting for corruption using neo-political lens is relatively new to the literature. Hence, this paper calls on accounting for evidence on how aspired autocratic leaderships in Muslim countries managed to personalise power and weaken the infrastructural apparatus that provide the necessary check and balance, thus facilitating the production of corruption on both the demand and supply sides.