It took an evolutionary leap in the human species to help trigger the change from centuries of economic stagnation to a state of sustained economic growth, according to the first theory that integrates evolutionary biology and economics.
“Until now, economic growth theory did not have implications for evolutionary biology, and evolutionary biology did not have implications for economic growth,” said lead theorist Oded Galor, professor of economics at Brown University.
This new theory, the first of its kind ever proposed in the economics literature, appears as the lead article in the current Quarterly Journal of Economics. It is co-authored by Omer Moav of the Hebrew University of Jerusalem.
Oded Galor | EurekAlert!
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New research group at the University of Jena combines theory and experiment to demonstrate for the first time certain physical processes in a quantum vacuum
For most people, a vacuum is an empty space. Quantum physics, on the other hand, assumes that even in this lowest-energy state, particles and antiparticles...
Physicists in the EPic Lab at University of Sussex make crucial development in global race to develop a portable atomic clock
Scientists in the Emergent Photonics Lab (EPic Lab) at the University of Sussex have made a breakthrough to a crucial element of an atomic clock - devices...
Every year earthquakes worldwide claim hundreds or even thousands of lives. Forewarning allows people to head for safety and a matter of seconds could spell...
Scientists of the Department of Physics at the University of Hamburg, Germany, detected the magnetic states of atoms on a surface using only heat. The...
Combining an atomically thin graphene and a boron nitride layer at a slightly rotated angle changes their electrical properties. Physicists at the University of Basel have now shown for the first time the combination with a third layer can result in new material properties also in a three-layer sandwich of carbon and boron nitride. This significantly increases the number of potential synthetic materials, report the researchers in the scientific journal Nano Letters.
Last year, researchers in the US caused a big stir when they showed that rotating two stacked graphene layers by a “magical” angle of 1.1 degrees turns...
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