There is a strong belief formed in scholarly and policy circles that contemporary capitalism is the source of many economic, social and political problems that plague the world today. This system is blamed for large inequalities between the rich and the poor, unrestrained profit-seeking without...

This working paper attempts to examine the economic nature of encroachments in developing countries by considering the context of Pakistan. In the tradition of De Soto (2000), the question of encroachments is framed in terms of the “mystery of capital,” in that developing economies such as...

Technological creation and mass production are usually associated with large-scale production, while technological absorption is found more often in small-scale, competitive firms. Thus, the link between the innovative and absorptive sectors defines a technological and market power gradient that...

Iconic companies such as Apple, BlackRock, Delta, Google (now Alphabet), Lyft, Salesforce, and Starbucks, have recently taken very public stances on various social issues. In the past, corporations were largely silent in the face of them. Now the opposite is true—corporations play an...

Advanced economies operate under different forms of capitalism and social order. Corporate law is fixed only insofar as a country's political economy and social organization are static. This article explains why an advanced economy may choose inefficient rules. Korean rules are the product of...

Much of the academic analysis of American crony corporate capitalist economy addresses the micro economic effect on how individual firms use political influence to skew financial benefits to themselves.The more damaging economic effect of crony capitalism is on the functioning of the national...

Much of the mystery attaching to the concept of capital in economics can be avoided by treating capital as a three dimensional entity, the dimensions being quantity, time and value. The literature on the subject is notable for different treatments focusing on just one or two of these dimensions...

A research project hypothesizing on the future of the world economy based on Eastern theories of international relations and their respective relationship to global financial markets and various spheres of political influence through the United States and Asia. Comprised mostly of a few...

It is evident in virtually all parts of the world that sustainable development only happens when there is continuous progress in the collective contributions of local citizens towards fulfilling this objective. The voluntary involvement of local citizens in assorted development projects only...

Economic theories for policy are naturally biased either to capitalism or socialism, in ideological opposition. The theories are used as rhetorical tools by right or left politicians to argue for less or more government spending. The reality is: most economies are at least to some extent...