Although neoclassical economics relies on assumptions that should have been discarded long ago, it remains the mainstream orthodoxy. Three recent books, and one older one, help to show why its staying ...

The 2025 Nobel Prize in Economics has been awarded to three eminent economists; Joel Mokyr, Philippe Aghion, and Peter Howitt, for their work demonstrating the critical role of public investment in ...

This paper presents a three-class growth model with labour market conflict. The classes are workers, a middle-management middle class and a 'top' management capitalist class. The model introduces ...

“I could buy whatever I want, an iPhone and a computer, AirPods and a Barbie Dreamhouse. A real Barbie Dreamhouse that’s big and has walls. It would be in Paris because of the Eiffel Tower. I would go ...

The Nobel Prize in economics was awarded to a trio of researchers Monday for their work on how cycles of technological innovation feed economic growth. Joel Mokyr of Northwestern University, Peter ...