On Father’s Day, I could not help but think of the late Pope Francis, father to all. Much has been said about his mercy and inclusivity. But even though he majored in ...

This disagreement reflects a 60-year history of misapplication of the neoclassical theory of investment to interpret empirical work and guide policy analysis. In this article I reconsider the ...

The current trends in the corporate world at the advent of the AI revolution suggest that it has become highly volatile and unpredictable and is poised to evolve further. Established organisations as ...

Neoclassical economics treats individuals as isolated utility maximisers, markets as largely self-correcting, and growth as an unalloyed good. Poverty, inequality, ...

The newly established Center for Heterodox Economics aims to reimagine how we measure economic progress using a more human-centered approach.

For more than a century, neoclassical theory dominated economic thinking. Neoclassical economics is a theory based on three key assumptions: individuals have rational preferences; individuals maximize ...

Solow’s neoclassical model of economic growth, for example, predicted that the shares of over-all income that accrued to labor and capital would remain constant over the long term.

Justice Faloye is the President, ASHE Foundation. In this analysis, he x-rayed world economic misgivings, with focus on adaptable policies that will revive African economy for good. Excerpt: The ...

It was my way of showing my protest against the teaching of neo-classical economics as the “Economic Theory” …Yes, that course and the years were decisive in my professional career.” ...

After Walras’s work laid the foundations for neoclassical economics, mathematical principles became integral to public policy. For a while, this approach worked well.

From an academic discipline, economics transformed itself into a way of governing. When neoclassical economics replaced Keynesianism as the dominant paradigm in the 1970s, a new generation of ...