Economics is a broad social science that studies factors that drive the supply and demand of limited resources. Economic resources are commonly defined as land, labor and capital. Two basic types of ...

Economics is a social science that studies the collection, allocation and distribution of economic resources. Business owners use the study of economics to help them make business decisions. Not only ...

A widely anticipated textbook, "Universal Economics," has just been published by Liberty Fund. Its authors are two noted UCLA economists, the late Armen A. Alchian and William R. Allen. Editor Jerry L ...

We tend to take it for granted that our economy is a market economy. Mainstream economics is particularly committed to that idea. Indeed its core concepts depend on it: supply and demand curves and ...

Economics needs to change. By this I do not mean that the structure of the economy itself needs to change, although reform is clearly needed on that front. Rather, I refer to the academic discipline ...

A specter is haunting mainstream economics. It is the specter of . . . modern monetary theory? So recent essays from Harvard luminaries Kenneth Rogoff and Lawrence Summers attest. For Rogoff, MMT is ...

THE EMERGENCE of the discipline of economics in the 18th century was the result of people trying to explain something that had never happened before. At the time a handful of countries were becoming ...

If 2016 brought Brexit, Donald Trump and a backlash against cosmopolitan visions of globalisation and society, the great fear for 2017 is further shocks from right-wing populists like Geert Wilders in ...

Regarding the Oct. 15 Business article "Nobel winner Thaler infused real behavior into economics": Behavioral economics does not explain the myriad ways that other economic agents (businesses, ...