Classical growth theory is an older theory that describes economic growth as a result of the division of labor and the gains from trade.

Modern rent theory evolved considerably from rent's classical definition as an unearned increment and rests today on the classical footing that part of rent enters price. Rent on marginal land arising ...

Economic thought has evolved over centuries, shaping the policies and practices that guide nations' economies today. In this ...

Classical realism, with its emphasis on choice, contingency, history, ideology, uncertainty, and unpredictability, was rejected in favor of more purportedly scientific and, in particular, economistic ...

Explore Marxian economics, a theory by Karl Marx that critiques capitalism's labor dynamics and its classical economic flaws. Learn labor's role in economic development.

Joseph Salerno reviews Ulrich Hintze's Banking and Monetary Policy from the Perspective of Austrian Economics.