Editor's Pick Archives - Page 2 of 25

Evolution of Innovation forming Growing Waves of Prosperity Shifts Leadership of Prosperity

Waves of Prosperity: Who Leads in the Age of Reinvention?

Innovation is the root of waves of prosperity, but its driving force has evolved across history. In the preindustrial era, individual creativity generated localized growth through cottage-based industries and grassroots…

Growth Arithmetic vs. Structural Reality: Rethinking the “India Is the New China” Narrative

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India as the Next China: Why it Remains a Misleading Narrative

Abstract: In recent years, several global media outlets have argued that India is well-positioned to become the “next China,” driven by its rapid GDP growth, large population, and rising global…

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China, Wealth Creation, and the Limits of Markets and Democracy in the Age of Fourth Industrial Revolution

Abstract: China’s transformation from a low-cost manufacturing base to a global leader in electric vehicles, batteries, renewable energy, and high-speed rail challenges long-held assumptions about the supremacy of market economies…

Why Time-Based Growth Failed India and Idea-Based Growth Lifted China

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From Selling Time to Selling Ideas: Why China Overtook India in Prosperity

Abstract In the early 1980s, India and China were similarly poor, with India enjoying a modest per capita income advantage. Both countries opened their economies to the Western-led global system,…

India’s GDP rank masks strategic weakness: India is losing the global race where it matters most—idea-based value creation through innovation evolution.

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Beyond India’s GDP Ranking: Prosperity gap between India and China keeps expanding

Abstract India’s ascent to the world’s fourth-largest economy by nominal GDP marks an important milestone, yet it obscures a deeper structural challenge. Despite comparable starting points in 1980, India’s per…

Growth is episodic due to unleashing of successive industrial revolutions through deeper layer of knowledge

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Growth Is Episodic, Not Linear: The Missing Structure in Joel Mokyr’s Industrial Revolution Thesis

Abstract: Joel Mokyr’s explanation of modern economic growth rightly emphasizes the transformative role of “useful knowledge” in shifting the engine of growth from Smithian market expansion to sustained productivity gains…

Mechanics of wealth creation and migration are marked by the role of knowledge in inventing and refining, and fueling reinvention dynamics

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Mechanics of Wealth Creation and the Migration

Abstract Wealth is not defined by money or natural resources, but by the Utility humans derive from Getting jobs done through products, processes, and systems. This essay develops a knowledge-centered…

Despite the rise of Britain, Knowledge without prosperity has been a growing reality in Bangladesh due to disconnect in using knowledge in refining products and processes

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Knowledge Without Prosperity: Lessons from Britain for Bangladesh’s Growth Challenge

Abstract: This article examines why the accumulation of education and knowledge in Bangladesh has not translated into proportionate economic growth, despite historical evidence from Britain that economically meaningful knowledge can…

How prosperity migrated from Britain to America, among a few other questions, demands rethinking Mokyr’s industrial enlightenment thesis

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Prosperity Migrated from Britain to America: Rethinking Mokyr’s Industrial Enlightenment Thesis

Few economic historians have reshaped our understanding of modern economic growth as profoundly as Joel Mokyr. His lifelong pursuit—to uncover the intellectual origins of the unprecedented prosperity that transformed Britain…

Productivity Paradox signals reinvention underway, demanding capability- and science-focused policy rather than data-driven growth management

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Productivity Paradox Is a Reinvention Signal: How Data-Centric Economics Undermines Long-Wave Prosperity

Abstract The productivity paradox—first identified during the information technology revolution—has re-emerged with electric vehicles and artificial intelligence, puzzling economists and policymakers alike. This article argues that the paradox is not…

Due to missing mechanics of wealth creation, Mokyr's thesis offers misleading perception about the role of knowledge in creating wealth and jobs

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Missing Mechanics of Growth in Mokyr’s Quest of Finding Intellectual Origins

Abstract: This write-up challenges the dominant knowledge-centric explanation of economic growth by explicitly contrasting Joel Mokyr’s “useful knowledge” thesis with insights from the evolutionary economics of the invention lifecycle. The…

Mechanics of growth is missing in theorising how scientific knowledge has contributed to long wave of growth, resulting in unfolding industrial revolutions

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Economists Miss Mechanics of Growth- Detecting Industrial Revolutions Until It’s Too Late

In the pursuit of identifying the intellectual origins of modern economic growth, Nobel laureate Joel Mokyr has drawn sustained attention to the role of useful scientific knowledge—knowledge that is not…

Editor’s Pick

Waves of Prosperity: Who Leads in the Age of Reinvention?

India as the Next China: Why it Remains a Misleading Narrative

China, Wealth Creation, and the Limits of Markets and Democracy in the Age of Fourth Industrial Revolution

From Selling Time to Selling Ideas: Why China Overtook India in Prosperity

Beyond India’s GDP Ranking: Prosperity gap between India and China keeps expanding

Growth Is Episodic, Not Linear: The Missing Structure in Joel Mokyr’s Industrial Revolution Thesis

Mechanics of Wealth Creation and the Migration

Knowledge Without Prosperity: Lessons from Britain for Bangladesh’s Growth Challenge

Prosperity Migrated from Britain to America: Rethinking Mokyr’s Industrial Enlightenment Thesis

Productivity Paradox Is a Reinvention Signal: How Data-Centric Economics Undermines Long-Wave Prosperity

Missing Mechanics of Growth in Mokyr’s Quest of Finding Intellectual Origins

Economists Miss Mechanics of Growth- Detecting Industrial Revolutions Until It’s Too Late

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