Since the time of Adam Smith, economists have studied the dynamics of economic systems. From a system dynamics perspective, the change in any system over time occurs when flows accumulate in stocks - i.e., by the process of integration. Of course, economists have long been familiar with, and...

The "natural resource curse" refers to the apparent paradox in which nations with abundant natural resource endowments tend to have slower rates of economic growth, and less democracy and economic development, than do nations with lesser natural resource endowments. The salient question, of...