Why does capital not flow to developing countries as predicted by the neoclassical model? What are the direction and degree of capital misallocation across nations? We revisit these questions by ...

The marginal product of labor is a variable used in economic theory. This variable quantifies the additional output produced by adding an additional unit of labor. The value of this variable is ...

Journal of the European Economic Association, Vol. 1, No. 2/3, Papers and Proceedings of the Seventeenth Annual Congress of the European Economic Association (Apr. - May, 2003), pp. 484-494 (11 pages) ...

Forbes contributors publish independent expert analyses and insights. Dr. Goodman offers market-based solutions to public policy problems. More than two centuries ago, Adam Smith wrote the book that ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...