This won’t sit well with Americans watching pump numbers whirl as they gas up their cars.

Keynesian economics, as developed by economist John Maynard Keynes, comprise a theory of total spending in the economy and ...

We break down price caps — and the economic theory versus reality of how they actually work.

Economic theory allows individuals to study the monetary effects of social and government policies. Nations are built upon several economic principles. Minimum wage is a common economic principle ...

It is easy to take potshots at the field of economics today, whether motivated by the financial crisis or the fact that Nobel laureates, such as economist and New York Times columnist Paul Krugman, ...

The economy's supply side first gained attention when Adam Smith published "Wealth of Nations" in 1776. The supply side handles mobilization of resources to supply goods and services. The theory ...

Incentives are part of our daily life and can affect everything from what we eat to how we parent our children to how we perform at work. Many everyday incentive behavior is rooted in economic ...

I n the epilogue of their blockbuster book Mostly Harmless Econometrics (2009), Josh Angrist and Steve Pischke write, “If applied econometrics were easy, theorists would do it.” As academic jokes go, ...

At the end of his time in office, Barack Obama famously compared the presidency to an ocean liner. "Sometimes the task of government is to make incremental improvements or try to steer the ocean liner ...

Economist Michael Chwe has written a book called “Jane Austen: Game Theorist.” Do you need more of a reason to read this post? Video from Michael Chwe’s YouTube channel. I’m a specialist in game ...

With every new administration there are hopes on the part of roughly a half of the population and dread on the other. It flips like a coin. A random walk, for the probability fans out there, that ...