ISSUES The rapid rise of mobile phone use in poor countries is well known as an exemplary case of a technology enabling bottom-up empowerment through information access, driven by smallmargin business and end-user innovation. While many are not mobile phone owners themselves, few today face a several mile walk to access an often-disconnected landline phone for communication, which was a regular...

Economists have tried to explain business cycles as well as fluctuations in the economy, but over the past two centuries, the explanations have fallen into two areas. The first area tries to explain business cycles as being the result of fluctuating aggregate demand; if overall demand for goods is strong (or to put it another way, consumers are confidently buying goods), then the economy is in ...

ISSUES The rapid rise of mobile phone use in poor countries is well known as an exemplary case of a technology enabling bottom-up empowerment through information access, driven by smallmargin business and end-user innovation. While many are not mobile phone owners themselves, few today face a several mile walk to access an often-disconnected landline phone for communication, which was a regular...

Decarbonizing the global economy is a material-intensive endeavor. Minerals have central role in ambitious climate action, low-carbon energy and mobility transitions, digital revolution—all of which are accelerating pace expanding scope. As we increasingly look toward technology innovation to provide solutions for sustainable future, ensuring that these material-hungry transformations accelerat...

while promoting rural economic enterprises and businesses can contribute to create and strengthen entrepreneurship, this as a crucial strategy will accelerate rural development process. through extending these businesses and strengthening entrepreneurship among rural people proper solutions can be found to combine resources both inside and outside the village. it can also assist to provide both...

Information technology (IT) producers were among the key drivers of the national economic expansion during the late 1990s and in 2000, helping to spur robust growth in output, productivity, and income. Between 1995 and 2000, IT-producing businesses accounted for nearly one-third of U.S. GDP growth and, by one estimate, nearly two-thirds of the surge in productivity growth, despite accounting fo...

An Austrian interpretation of the New Keynesian small menu cost model of the business cycle is proposed. Austrian and New Keynesian business cycle theories share the feature that the cycle is generated by rigidities which prevent the economy from adapting instantaneously to changing conditions. Austrian business cycle theory is capital-based, focusing on credit expansion which artificially lowe...

This paper takes the concept of heterogeneous entrepreneurs (Evans and Baxendale 2008) and investigates how higher quality entrepreneurs are able to adjust their structures of production and economic calculation in face of business cycles to avoid malinvestments and other ill effects that result from credit expansion. In an attempt to overturn opposing views of the Austrian Business Cycle Theor...

i The dust has now settled from the dot.com boom and burst, and the euphoria and pessimism have been replaced by more cool-headed, rational thinking and actions underpinned by robust theories and conceptual frameworks. There are even signs of a steady e-business recovery, and more and more e-businesses have become profitable. The dot.com burst did not mark the end of the Internet and e-business...