Overall, public R&D has a rate of return of 140-210%, they concluded. Crucially, this is a much higher estimate than the 30-70% rates of return economists calculate for private R&D, said Fieldhouse.

I first heard of Roger Garrison from Murray Rothbard. At a social gathering in 1973 of Rothbard and a few younger Austrian ...

Despite significant mathematical refinements, econometrics has shown the weaknesses of its logical underpinnings, primarily during economic turning points—financial crises, pandemics, and geopolitical ...

Unless underlying data are corrected, the use of Artificial Intelligence (AI) in organizational hiring processes holds the ...