Specialization and trade are the key to economic prosperity argues Arnold Kling in an important new book, Specialization and Trade: A Re-Introduction to Economics. Kling has important insights about ...

Learn how economies are formed and grow. Discover the roles of productivity, specialization, and financial markets in driving ...

Mark Thoma is obviously right that academic economists should listen more to practitioners – both economists who who work outside the academy and also, although he does not stress this point, to those ...

It is not obvious whether a firm's more talented workers should be more specialized, and in fact, the relationship between ability and specialization seems to differ across industries. In this paper, ...

Discover how the peer-to-peer economy differs from traditional capitalism, emphasizing direct transactions without intermediaries for increased efficiency and innovation.

Many OEMs lament that the U.S. economy is treading water. It could be worse. Consider the situation in the Euro zone, which is mired in a recession and facing unemployment above 11%, a debt crisis, ...

The green transition is fundamentally transforming contemporary economies and societies. "Integrating insights from comparative capitalism literatures with descriptive statistics and principal ...