This article analyzes the reasons for the long tenure of English classical economics as an economic system general to all nations for all time. Chief sources of the system's strength were two: it had ...

Whether we decide to take out that insurance policy, buy Bitcoin, or switch jobs, many economic decisions boil down to a fundamental gamble about how to maximize our wealth over time. How we ...

Discover how the labor theory of value explains the pricing of goods based on labor input and its historical importance in economics.

A digest of Roscher's own account of the animus of the movement to make the historial approach decisive in economic theory. After the initiators of the movement had done their best to commend it, ...

Non-additive measure theory extends the traditional framework of measure and integration by allowing for measures that do not necessarily satisfy the additivity property. This broader perspective has ...