Economist Arthur Laffer might be best known for the Laffer Curve, a representation of the relationship between tax rates and tax revenue, but what he really wants you to know about today is how to ...

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 ...

Discover the Diamond-Water Paradox—why diamonds cost more than water. Learn about subjective value and marginal utility in economic valuation.

Dr. Ha-Joon Chang, Faculty of Economics at University of Cambridge, was the featured speaker at the Development Policy Seminar held at the UN Headquarters today. Speaking on his most recent book, ...

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 ...

Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You about Economics, John Tamny; Regnery Publishing, 2015, 256 pages; ISBN-13: 978-1621573371: $19.01 on ...

Economics is split between analysis of how the overall economy works and how single markets function Physicists look at the big world of planets, stars, galaxies, and gravity. But they also study the ...

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 ...

Behavioral economics helps investors understand irrational market behaviors and customer choices. Examples of behavioral economic theories include loss aversion and sunk-cost fallacy. Recognizing ...

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 ...