Looks at Paul Romer's 1980s solution of Adam Smith's new growth theory, tracing how the centuries-old puzzle was addressed throughout history and how it has hel

Chronicling the story of what has come to be called the new growth theory, this text helps to explain dominant first-mover firms like IBM or Microsoft, undersco

For nearly ten years, readers of the Sunday Boston Globe and newspapers around America have delighted in David Warsh's column, "Economic Principals." This colle

The unlikely story of how Americans canonized Adam Smith as the patron saint of free markets Originally published in 1776, Adam Smith’s The Wealth of Nations

Previous generations enjoyed the security of lifelong employment with a sole employer. Public policy and social institutions reinforced that security by produci