Several topics on economic growth theory are explored in this post, including research from the OECD on the likely sources of productivity growth, and McKinsey on the characteristics of high growth firms, industries and cities. Continue Reading …
Market failures occur when the allocation of goods and services by markets are not efficient and lead to net social welfare loss. Economist Peter Abelson describes, in his book Public Economics – Principles and Practice, common causes of market failure and solutions governments might take in response. Continue Reading …