Economists have developed three competing explanations, or theories, to explain differences in economic growth between ...

James Morley receives funding from the Australian Research Council. Welcome to our series on economic theories that are changing the way we think. Today, James Morley explains how the very concept of ...

Economic development theory usually identifies a critical stage in most countries’ successful development, based on both the examples of East Asia and the U.S. According to Internationalization of ...

The American Economic Review is a general-interest economics journal. Established in 1911, the AER is among the nation's oldest and most respected scholarly journals in the economics profession and is ...

When Guillermo Calvo was a young student in Buenos Aires in the late 1950s, he despaired of ever understanding economics. There was a lot of talk about economics at home because his father worked for ...

As I’ve noted in several previous columns for Mainebiz, SBA’s Administrator Karen Mills is a longtime advocate for the cluster economic development theory, popularized by Harvard Business School’s ...

What’s the theory behind my economic forecast? In simple language, it’s complicated. My forecast is judgmental rather than coming from an econometric model. I begin with a “bottoms-up” prediction of ...

Despite their opposing ideologies, they may well offer valuable insights into the future of country Just a few years ago, China's rise to superpower status seemed inexorable. Today, many independent ...

Marx develops his economic theory in Capital in a rather peculiar way. This paper focuses on some of these peculiarities, especially his attempt to base his account of prices and derivative entities ...

President Donald Trump recently proposed a $1.5 trillion infrastructure program. This is a good idea with bipartisan support, assuming we can finance it. But infrastructure alone will not produce the ...