If you put 50 randomly selected American academic economists in a room and ask them what they thought of raising tariffs as a ...
Discover the ethical foundation of Nobel Laureate Amartya Sen's economics through his profound philosophy and moral praxis.
David Ricardo, a notable economist of the Smithian tradition, had reasoned in the Labour Theory of Value that the value of a ...
Professor of Economics and author of 'How to Think Like an Economist', who has just released in Spanish by La Esfera de los Libros. Robbie Mochrie is a Professor of Economics at Heriot-Watt University ...
In a broader context, the concept of "Hehe" has significant relevance to the world today, as addressing the global challenges ...
This oligarchy/plutocracy constitutes 0.1% of the American population. It owns 14% of the nation’s wealth, $22 trillion in ...
Marginal revenue is closely tied to marginal cost, which represents the additional cost incurred when producing one more unit.
as suggested by Adam Smith (1776), an enterprise’s reason for being would suffer irrecoverably. I think it is time we revisited the philosophy that prioritises the centrality of the customer and ...
Bart Wilson is a professor, the Donald P. Kennedy Chair in Economics and Law and the director of the Adam Smith Institute for Political Economy and Philosophy at Chapman University. He is a leading ...
Merton popularized the concept of unintended consequences in his work, “The Unanticipated Consequences of Purposive Social ...
For in finance, as in language, power is not merely in what is said—but in what is chosen. (This article is written purely for academic purpose and views expressed are personal. For queries/discussion ...