Human capital theory is the dominant approach for understanding personal income distribution. According to this theory, individual income is the result of "human capital". The idea is that human capital makes people more productive, which leads to higher income. But is this really the case? This...

After communicative planning theory (CPT) emerged in the 1980's, challenging assumptions and prevailing theories of planning, debates ensued among planning theorists that led to apparently opposing groups with little space for mutual learning. The most difficult obstacle is that critiques of CPT...

Economic history is integral to the study of economics and economies. Besides providing students with a valuable long-run perspective on the modern world, the field also helps them to better understand the contingency of economic theory. Despite a newfound interest in economic history among...