Although he was much influenced by David Ricardo when he wrote the classical part of his Principles , John Stuart Mill was not a Ricardian when he penned his theories of wealth and distribution. They are based on a triple foundation. First, a belief that economics is a moral discipline. Second a...

The chaebol, family-controlled conglomerates, which now dominate the South Korean economy constitute a unique type of business enterprise in the development worldwide of capitalist economies. With the support of a developmentalist state, the chaebol played a central role in rapid...

This paper aims at developing an explicit ‘vertical’ dimension to chronic poverty research that focuses on ‘adverse incorporation and social exclusion’ (AISE). an effort is made here to sensitise literatures that are almost exclusively concerned with...

The paper analyzes the impact of Colombia,s free trade with USA on the economies of US and Colombia. It also discuses the relationship between USA and Colombia.

Market economies rely on entrepreneurs as their driving force. In this article, Robert Formaini examines why entrepreneurs are important for us today. He traces the history of the concept of entrepreneurship in economic theory, showing how the concept's popularity has varied greatly since its...

The future of the U.S. market economy may well be determined by how we resolve three dilemmas: rising income inequality; improving our business culture; and providing important public services.