Discover the core principles of development economics, including top theories like mercantilism and structural-change theory, ...

Supply-side theory, or supply-side economics, holds that economic growth is stimulated through fiscal policies designed to ...

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 ...

The fundamental principles of economics are based on human nature and do not change regardless of how they are interpreted. People behave certain ways on an individual and societal level based on the ...

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 ...

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

Game theory has a fascinating connection with poker. Image sourced from www.shutterstock.com Welcome to our series on economic theories that are changing the way we think. Today, Partha Gangopadhyay ...

Contracts permeate our lives: just think of the contract with your employer or your insurance provider or your bank to get a loan -- even your marriage is a contract. But why are they designed the way ...

An economy that collapses and then snaps back with that velocity is revealing something about the deep structure of its growth model — something that the most powerful tools in economic theory can ...

There is an old joke in economics about two economists walking together down the sidewalk. One of them stops the other and says, “Look! There’s a $100 bill lying there on the ground!” As he stoops to ...

When Rep. Alexandria Ocasio-Cortez rolled out her "Green New Deal," calling for clean energy, universal health care and guaranteed jobs, one of the first questions she got was: How do you plan to pay ...