The present paper examines the meaning and usefulness of the concept of a New Economy. This construct, which first began to appear in the media in the mid-1990s, is utilised today with a variety of definitions and intentions. Having identified three possible denotations or orientations relating...

Military priorities influence a significant proportion of the resources that capitalist societies devote to R&D. Some of the commanding heights of civil economies have been powerfully shaped by the opportunities created by specifically military R&D. This paper is an attempt to sketch the...

The present essay outlines the defining features of the capitalist system, the evolution of the Western political models during history and the way these have reflected in the business and financial reporting models. The differences between the Anglo-Saxon business model and the continental...

In my book entitled Socialism, Economic Calculation and Entrepreneurship I explain in theoretical terms what socialism is and why it is an intellectual error, a scientific impossibility, why the socialism which still exists, despite the fall of the Berlin Wall, in the form of economic...

This essay provides a game-theoretic, endogenous view of institutions, and then applies the idea to identify the sources of institutional trajectories of economic development in China, Japan, and Korea. It stylizes the Malthusian-phase of East Asian economies as peasant-based economies in which...

This paper reviews the presentations and discussions had at the conference on “Jobs And The Future of the US Economy: Possibilities and Limits” held at Howard University shortly after the late 2000’s financial crisis. The paper begins with the historical context in which the conference was...