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 (DBA) is a degree offered by business schools and business faculties at some universities to be pursued after completing graduate education. This is the way into careers in advanced business consulting or academia.