Social media platforms are dismantling classical economic principles of scarcity and opportunity cost among young adults In ...

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

Principles of Organizational Theory. Organizational theory is the study of the structures of organizations. Four major theories contribute to this study -- classical theory, human relations or neo ...

The word "model" is used a lot in discussions about economics. However, economics courses often don’t spend a lot of time defining the word or what exactly it means. Rather, students usually end up ...

Credit for the swift economic recovery goes to President Javier Milei’s adherence to classical-liberal principles: Fiscal rebalancing and deregulation laid the groundwork for an economic miracle ...

Origins Of Modernization Theory Modernization theory came about in the 1950s and ’60s. Sociologists wondered why some countries developed economically and politically while others didn’t. They ...

It is an outdated notion that has been, naturally, criticized by modern economists and scholars. Other academics see the pioneering ideas of Xenophon as the birth of growth ideology in Classical ...

This research presents an economic model that takes into account the wind speed and the technological features of a wind turbine operating in an unknown direction. In addition, we develop a new ...

Economic justice refers to the moral appropriateness of distributions of economic benefits and burdens across society. Conceptions of economic justice guide assessment of the fairness and ethical ...