A basic intellectual challenge for those concerned with the poverty of nations is to come to grips with the nature and causes of the wealth of the world's wealthier nations. One might then be in a position to inform the poorer nations how they might achieve similar outcomes. This paper is...

Since the 1970s corporate America has become obsessed with shedding employees to cut costs and with distributing revenue to stockholders. However, the way for it to regain its competitive edge and thus to restore the promise of secure and remunerative employment for its workers is to reform its...

The notion that good corporate governance means maximizing shareholder value derives from the neoclassical theory of the market economy. I explain why this perspective is highly problematic for understanding the operation and performance of the business corporation and hence the institutions...