Incentives do matter, and to suggest otherwise is to betray basic principles of economics. In the 1980s, the inventive rock band Devo put forward the theory that mankind was experiencing de-evolution ...

I’m technically on vacation, but the wife and kids are watching Chicken Little up in the hotel room right now, so I’m going to sneak in here for a quick post. Ted Gayer — senior fellow and co-director ...

While researchers say more formal teaching is needed, eight in 10 high school seniors have a basic understanding of economics, according to a new national economics assessment. “The Nation’s Report ...

The costs of the COVID-19 crisis come in two primary forms. The first is the direct impact in terms of health and lives lost. The second is the indirect impact that comes from efforts by individuals, ...

Many business leaders have taken at least one course in economics, but most of them were taught the wrong part of economics, at least wrong for someone running a company. A little focus on the ...

Concerns are emerging over whether Kenya may have short-changed itself in negotiating a deal with Gulf Energy, the firm now expected to move the Lokichar oil fields in Turkana County. A spat between a ...

The laws of economics can be frustratingly inconvenient, especially in Washington. To many lawmakers, the fundamental principles of economics are neither fundamental nor even principles: They are ...

What if the music industry could be used as a guide to important principles in business and the economy? It would sure make introductory economics courses more fun. The idea is not as fanciful as it ...