It has been demonstrated that innovative business models designed to serve the population at the "base of the pyramid" are an effective means to create employment and improve quality of life. However, the effect that various levels of poverty have on the viability of these business models is not...

Economic historians remain divided over America’s experiment with free banking during the antebellum era. Some argue that the reforms, which liberalized the bank-chartering process, simply exchanged one set of entry barriers for another, while others hold that free banking improved competition...