There is evidence of economic writing that dates all the way back to the Mesopotamian era. The development of modern economics is largely due to two groups which were known as the physiocrats and the mercantilists. These groups help develop capitalism in Europe in the 16th century.

A Doctorate of Business Administration is earned through a high-level and research-based academic program focused on the necessary knowledge required for elite academic or consulting careers. Programs are often composed of Business Theory, Research Design and Professional Development coursework in addition to independent study.