Many in the West, of the political right and left, now deny imperialism. For Josef Schumpeter, empires were pre-capitalist atavisms that would not survive the spread of capitalism. But even the ...

Keynesian economics is a theory that government intervention is needed to stimulate demand and stabilize the economy, ...

This phenomenon, known as an "economic moat," doesn't just keep rivals at bay but also seems to separate successful firms from those that fail. Popularized by legendary investor Warren Buffett ...