China is undergoing its long-awaited industrial revolution. There is no shortage of commentary and opinion on this dramatic period, but few have attempted to provide a coherent, in-depth, politicaleconomic framework that explains the fundamental mechanisms behind China’s rapid...

The rise of China is no doubt the most important event in world economic history since the Industrial Revolution. The institutional theory of development based on a dichotomy of extractive vs. inclusive political institutions cannot explain China's rise. This article argues that only a radical...

“Pitching Research” (Faff, 2015, 2018a, 2018b) is a framework (based on a small set of organizing principles – namely, to be structured, brief, simple, methodical, clear, & focused), that challenges a (novice) researcher to effectively communicate their research ideas to an academic field...

This paper is based on an “interview” I did for publons on how I approach refereeing for academic/scholarly journals. The paper covers a broad range of issues across topics including: managing invitations; writing the review; and open reviews. The views are my own, based on a career spanning...

Classical, neoclassical and Austrian economists assume that self-interest in exchanges is alone sufficient to make markets work, because of the invisible hand of Adam Smith. This assumption has motivated market deregulation. On the contrary, we argue that Adam Smith was not assuming or...

Diamond (2009) compares the citation time series for Schumpeter and Keynes from 1956 to 2006. Citations to Schumpeter steadily increase throughout the period, whereas citations to Keynes begin to level off and then trend slightly downward beginning in the 1990s. As a result, citations to...

Bitcoin is the most successful cryptocurrency and one of the best types of private money ever. The blockchain technology underlying bitcoin is presented with the spotlight on distributed consensus, allowing for proper understanding of its peculiarities. Notarization and trust anchoring are...

Social species, those that have a complex division of labor, comprise a large proportion of the earth's biomass. These social species – humans and social insects – are located at extreme points of the set of possible evolutionary paths. The queens of small social insects produce thousands of...