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.

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 ...

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 ...

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 ...

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 ...

Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel memorial prize in economics Monday for their research into the impact of innovation on economic growth and how new technologies replace older ...

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 ...

The project referenced in this piece is based at the Universities of Glasgow and Nottingham Trent and received funding from the ESRC. If 2016 brought Brexit, Donald Trump and a backlash against ...