The United States Constitution is one of the most important documents in the history because it has set an example of a successful constitutional democracy for the world, and the freedom, peace, and prosperity of American people over last 227 years have been built upon the constitution. Despite...

The poor performance of macroeconomic models during the great recession of 2008 has forced many economists to re-examine macroeconomic theories, and search for creditable alternatives to the popular dynamic stochastic general equilibrium (DSGE) models. This paper derives a new macroeconomic...

Two most important questions in social science are what drives political, economic, and social changes and where the human society is heading. The arrow-of-time coined by British astronomer Eddington refers to our daily experience that time only goes in the forward direction and never in the...