This article analyzes the reasons for the long tenure of English classical economics as an economic system general to all nations for all time. Chief sources of the system's strength were two: it had ...

https://doi.org/10.13169/worlrevipoliecon.11.3.0388 • https://www.jstor.org/stable/10.13169/worlrevipoliecon.11.3.0388 Copy URL We consider economic value as a ...

Keynes challenged the fundamental theories of classical economics and influenced European and American economic policies throughout World War I, the Great Depression, and World War II. How did Keynes’ ...

As everyone knows, free markets are important because they voluntarily bring together willing buyers and sellers. Supply and demand are the sine qua non of economics. In fact, so important is their ...

The Theory of Games From it is being forged a new tool for the analysis of social and economic behavior. The new approach already has shown its superiority to classical economic theory ...

Why are some countries wealthy while others remain poor? What must a nation do for its economy to grow? The origins of modern economics lie in these ...

Robert E. Lucas Jr., a Nobel Prize-winning economist whose revolutionary theories transformed the field of macroeconomics and our understanding of economic policy, died May 15. He was 85. A member of ...