Specialization and trade are the key to economic prosperity argues Arnold Kling in an important new book, Specialization and Trade: A Re-Introduction to Economics. Kling has important insights about ...

Economists tell us that the history of human labor is one of continually increasing specialization. In the days of the hunter-gatherer, every member of the tribe would have been expected to command ...

Mark Thoma is obviously right that academic economists should listen more to practitioners – both economists who who work outside the academy and also, although he does not stress this point, to those ...

It is not obvious whether a firm's more talented workers should be more specialized, and in fact, the relationship between ability and specialization seems to differ across industries. In this paper, ...

Many OEMs lament that the U.S. economy is treading water. It could be worse. Consider the situation in the Euro zone, which is mired in a recession and facing unemployment above 11%, a debt crisis, ...

NEW YORK, Oct. 10, 2025 (GLOBE NEWSWIRE) -- The creator economy is projected to reach $600 billion by 2030 and is entering a decisive new era. ThriveCart, a leading payments platform helping creators, ...

The green transition is fundamentally transforming contemporary economies and societies. "Integrating insights from comparative capitalism literatures with descriptive statistics and principal ...