Joseph A. Schumpeter developed a very well-known theory of entrepreneurs and entrepreneurship, centred on the concept of "new combinations". According to him, innovation and entrepreneurship are destructive elements driving the system beyond an equilibrium position and setting in motion a...

This article explores Douglass North’s intellectual development as a political economist and an interdisciplinary researcher. Although he was an important figure during the cliometrics revolution, he later grew dissatisfied with the approach and went on to study institutions, helping to...

In 1979, when anthropometric history was still in its infancy, Robert Fogel and collaborators reported that the height of the US male white population began to decline quite unexpectedly around the birth cohorts of 1830. This was quite a conundrum on account of the fact that according to...

In 1979, when anthropometric history was still in its infancy, Robert Fogel and collaborators reported that the height of the US male white population began to decline quite unexpectedly around the birth cohorts of 1830. This was quite a conundrum on account of the fact that according to...

This paper offers a specific analysis of speculation bubbles in the economic history of the world, and then tries to identify the causes and effects of the speculation bubble on the real estate market in the USA, which was the main cause of the subprime crisis. The first part of the paper aims...

Civics students from time immemorial have been taught that there is a strict hierarchy within legislative bodies. In the case of the United States, this view would suggest that Congress is at the center of all legislative decisions and that Congress is responsible for all legislative decisions...

The US time structure of production during the 2002 through 2009 business cycle is characterized empirically using industry-level input-output data. An industry’s total industry output requirement (TIOR) is proposed as a metric for "roundaboutness". I find that the time structure of production...

In 1979, when anthropometric history was still in its infancy, Robert Fogel and collaborators reported that the height of the US male white population began to decline quite unexpectedly around the birth cohorts of 1830. This was quite a conundrum on account of the fact that according to...