A Professor of Economics at the Lagos Business School, Bongo Adi, has called on African scholars to develop original economic theories rooted in the continent’s realities instead of relying on ...

Economic theory has its roots in antiquity. As early as the 18 th century BC, the Babylonian King Hammurabi’s Code includes references to property rights, contracts, credit and economic justice. In ...

In 1970, prevailing economic theory gave businesses permission to put societal concerns to bed. Milton Friedman's seminal New York Times Magazine piece, "The Social Responsibility Of Business Is to ...

Once upon a time, in the ancient annals of history, long before the advent of coins and the formulation of economic theories, a quiet revolution was underway. People, in their small communities, ...

Economic theory has evolved from classical notions of self-regulating markets towards more nuanced frameworks that recognise the role of institutions, market imperfections and policy interventions.