A better theory for understanding and predicting economic activity is based on applying genetic evolutionary principles to explain economic behavior. This time, it is different. The U. S. economy is not going to return to a prior point of equilibrium, or even to a more modest claim by...

Our interest in writing this article is to create a bridge between the scholarly and academic research on technological innovation and a private sector, for-profit business model that implements the ideas on innovation and entrepreneurship, primarily in metro regional economies. Radical...

Our interest in writing this article is to create a bridge between the scholarly and academic research on technological innovation and a private sector, for-profit business model that implements the ideas on innovation and entrepreneurship, primarily in metro regional economies. In this article...

Introduction: The late James Buchanan, a professor of constitutional economics, at George Mason University, explained the relationship between a nation’s rate of economic growth and the institutional rules that govern financial transactions in a free competitive economy. It was clear from his...

Different institutional arrangements in the apparatus of government, and different configurations of constitutional rights, produce different rates of knowledge creation and knowledge diffusion. There is only one constitutional configuration that produces maximum economic growth, based upon...

Since 1933, private companies have had an avenue of raising funds called a self-underwriting, or a direct corporate private offering, but it has not been widely used as a method for raising capital. In a self-underwriting, the company issues securities directly to investors, without the benefit...

Why Would The SEC Delay Doing What Congress Told Them To Do About Implementing Crowd Funding?Most of the traditional economic equilibrium theory would have a hard time explaining why the SEC has not moved forward with rules for crowd funding, under Title II and III of the JOBS Act of 2012.To...

Under monopoly capitalism, the direction and creation of technology is controlled by a small set of corporations, and investment in technology evolution is politically controlled and manipulated event that displaces the free competitive market environment.Schumpeter's essential point, as it...

If new genetically superior products do not create new markets, then income distribution will not change. Without the appearance of new markets, existing goods and services will experience the long run decline in demand, caused by technological obsolescence, as the repertoire of genetics in the...