This paper focuses on Ludwig von Mises methodological apriorism. It uses Wittgenstein’s private language argument as the basis for a critique of Mises’s claim to have found apodictically certain foundations for economic analysis. It is argued instead that Mises’s methodology is more...

The first wave of globalization, commonly dated from 1870 to 1913, was not only a more gradual phenomenon throughout the 19th century, but closely related with the emergence of most the Western European Offshoots as developed economies. The massive transfer of human capital and transplant of...

Economic development, which refers to the process of progressive transformation of an economy, is a multifaceted term without a universal definition. This article presents the constitutive elements of economic development, such as growth, distribution, and innovation. Economic development has...

The second wave of globalization, usually dated from 1985 to the Present, is characterized by an increase of the goods and services ratio to World GDP of 9 pp, integration of capital markets with an expansion of 23 pp in FDI over GDP, more intense communication and information relationships with...

Development economics emerged as a new theoretical approach that focuses on the re-construction of developing countries as the study focus on improving fiscal, economic and social conditioning. Development economics also do an analysis of developing countries from critical assessment, which...

It is well accepted that economic growth that is premised, in entirety, on technical change equates to economic development. This study provides formal theoretical evidence that production functions inherently always are inappropriate to modeling of economic development. In stated respect,...