Modern Monetary Theory is a post-Keynesian heterodox theory postulating that an economy holding a sovereign currency can never run out...
Read MoreA self-provisioning society can be an intersection of the commons, as envisioned by Nobel Laureate Elinor Ostrom, and cooperative economics, a branch of heterodox economic thought.
Choosing Out of a Paradox
Two paradoxes – that of value and choice – in economic and psychological decision-making are quite different yet similar. At...
Read MoreMonopsony in the Labor Market
This explainer expands on the labor demand and supply in a monopsonistic labor market, exploring the effect of collective bargaining...
Read MoreHuman as Capital
Human capital accumulation is equally essential to the production process in an economy, as is physical capital formation. The article...
Read MoreTheory of Change for Development Evaluation
A theory of change is a theory to explain causal pathways of anticipated impact after initiating an intervention, used in...
Read MoreMeasuring the Concentration of Market Power
Market power, often calculated by the Herfindahl-Hirschman Index, has increased, within several industries, with the advent of globalization and digitization....
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