Economic development is the result of various factors operating in space and time. For some time now, economics has been looking more closely at the role played by institutions as a driving and propelling force behind economic development. More recently, the action carried out by intermediate...

Adam Smith sees religion both as having a useful and a dangerous role. People create gods to explain what they do not understand and appease their desire of justice when human justice is perceived to fail. These are socially useful functions of religion. But when religion is used as a political...

Karl Marx, a pioneer of anti-imperialism (or anti-mercantilism), was exiled in the 1850s in London. A decade later, he wrote nearly 500 editorials for The New York Herald Tribune. Although a handful of these editorials offer important clues for understanding Marx’s thinking on imperialism,...