In the first part of the series, we noted that for centuries, humanity has equated progress with expansion—more production, ...

The year is 1906. With the Conservatives failing to implement social reforms, people were desperate for change. Life under the Conservative government had significantly worsened – Booth’s study found ...

Kaveri Gill says he is a world leader who has actually lived the philosophy of radical compassion for the other ...

Speaking at the recent Rothbard Graduate Seminar, Dr. Joseph Salerno traces Murray Rothbard‘s intellectual development while in the economics Ph.D. program at ...

On Father’s Day, I could not help but think of the late Pope Francis, father to all. Much has been said about his mercy and inclusivity. But even though he majored in ...

Neoclassical economics treats individuals as isolated utility maximisers, markets as largely self-correcting, and growth as an unalloyed good. Poverty, inequality, and environmental damage are seen, ...

What are we to make of MAGA economics – or what is variously referred to as "economic nationalism," "Trumponomics," or "populist economics"? Is it the progeny of economics, or something else entirely?

In neoclassical economic theory, plunder is ruled out by assumption: The theory begins an initial distribution of “endowments,” in effect, property rights that fall from the sky. This distribution, ...

The research first reviews the core concepts of New Institutional Economics, including transaction costs, property rights, and contract theory. Through comparative analysis, the study points out the ...

For more than a century, neoclassical theory dominated economic thinking. Neoclassical economics is a theory based on three key assumptions: individuals have rational preferences; individuals maximize ...

Whereas neoclassical economics presented itself as a universally applicable science based on certain fundamental axioms, Dobb emphasized history, class conflict, and imperialism.