This paper argues that the generally shared interpretation of what can be labelled 'Smithian Newtonianism' is spurious on two counts. I suggest not only that Smith was not a Newtonian in the sense ...

Explore intertemporal equilibrium, an essential economic concept that analyzes how current and future decisions affect ...

Many situations in economics are complicated and competitive. New research raises the question of whether many theories in economics may suffer from the very fundamental problem that the key ...

The Federal Reserve pulled off a "soft landing" in 1994, but if it isn't able to do it again in 2022, we may be in for a bumpy ride. Just like Goldilocks, the Fed tries to keep the U.S. economy "not ...

PROF. J. SCHUMPET, a instinguished German economist of the University of Bonn, contributed an intersting paper on “The Instability of our Economic System to the proceedings of Section F (Eeonomic ...