Discover the concept of homo economicus, its origins, and why it's essential in economics. Explore its rational decision-making model and its limitations today.

For more than a century, neoclassical theory dominated economic thinking. Neoclassical economics is a theory based on three key assumptions: individuals have rational preferences; individuals maximize ...

This thesis critiques neoclassical economic theory. In each chapter, with the exception of the last two, I will examine a different neoclassical theory and reveal its lack of realism, and how said ...

Discover how endogenous growth theory explains economic growth from within through innovation, human capital, and internal factors, impacting nations' prosperity.

The neglect of issues related to the economic status of minorities and women in introductory economics textbooks widely used in the United States is a problem rooted in the most fundamental ...

A country's comparative advantage in products in which its relatively abundant factor is used intensively may be outweighed by the relatively greater degree of riskiness involved in these products ...

Economics is widely regarded as the queen of the social sciences. A few years ago, in his best selling book The End of History, the American political scientist Francis Fukuyama loosely estimated that ...

For the purposes of this article, the following theoretical epochs will be identified, described and applied to Bitcoin adoption, resistance and narratives: classical theory, neo-classical theory, ...