The saving rate in the neoclassical growth model forces a Trend Stationary Process (TSP) which determines the path of economic growth. By looking at the behavior of the Saving Rate in Consumer […]
Housing building fatigue: an alternative interpretation of the origin of the Great Recession.
Economists have pointed out three contributing factors for the Great Recession. All of them closely related to the financial and banking system: Leverage, complexity, and liquidity (Blanchard, 2013). In this article, we […]
Protected: If Smith and Ricardo were right, what patterns of economic specialization should we observe under free trade?
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On the mathematization of Economics in the 21st Century.
The origins: The origins of mathematization of economics apparently is a contested issue even for economists. The genesis of this phenomenon may change depending on the measure used for establishing when historically […]
Brief history of Gateway Cities in Massachusetts: the long-run of current economic challenges.
“Cutting edge” technology and its impact on democracy: the case of QUBE (1977) in Columbus Ohio.
Sometimes Innovation does not let people think historically. By historically, we mean considering past, present and future at the same time. Most of the times innovation leads us to think that […]
Information society and the future of democracy.
Western world governments take advantage of tech revolution. However, Non-democratic regimes may benefit from technology revolution as well. Liberal political institutions in the western world have been developed long side capitalism and information. […]
Performance of federal public agency for economic development: the Economic Development Administration (EDA) 1965-2010.
The eternal and controversial role of the state in fostering and bolstering economic development has been advanced -substantially and theoretically- since the second half of the twenty century. The administration of JFK […]