Using a panel of 38 economies, over the period 2001 to 2010, we analyse the link between diversification in equity portfolios and different facets of education. We find that traditionally used measures of education play an important role in reducing equity home bias. After separating countries...

Milton Friedman is beyond question the most famous living economist of the 20th century. He is closely associated with the doctrine of ‘monetarism’ which has been adopted by many governments around the world.

Throughout the developed and developing worlds, education spending is seen as a key tool for government policy makers in the quest for economic growth. Promoting ‘human capital’ development is a prime objective for economic and education ministries. The seminal articles in this essential...

Discussing Economics treats discussion – meaning formal consideration of questions about a reading – as a new approach to learning economics. Setting out a detailed approach modeled on the ideas of Mortimer Adler and the Great Books Foundation, the authors explain why instructors should...

In 1876, Carl Menger, then a young professor at the University of Vienna, was asked to teach the principles of political economy to Crown Prince Rudolf of Austria, the 17 year old only son of Emperor Francis Joseph, who was to die tragically before he could inherit the throne.