This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per capita across countries. The theory sheds light on three fundamental layers of comparative development. It identifies the factors that have governed the pace of the transition from...

Several noted economists briefly pay tribute to recently deceased Keynesian economist Dudley Dillard.

China's economy has developed in such a startling way that most people - economists or not - place, as starting from about 1978, and many are questioning whether or not it can last? At the same time, they are wondering about its effect on the United States, and the world at large, because China...

In this essay, I am going to focus attention on China and India as new economic juggernauts that are having great influence at the present time. Of course, those two powerful economies may be joined by others that are large and dynamic at the present time, but movements of others do not come up...