Many situations in economics are complicated and competitive. New research raises the question of whether many theories in economics may suffer from the very fundamental problem that the key ...

In business, practical experience usually outshines theoretical knowledge by a wide margin. However, this doesn't mean that ignorance is an asset. Economic concepts could serve as useful mental models ...

NEW YORK, February 5, 2008 — Nobel Prize-winning economist Joseph Stiglitz talks with Vishakha N. Desai about his new concept of economics, and his latest book, Making Globalization Work. (1 hr., 36 ...

As the global economy entered the 21st century, it unavoidably carried the scars and lingering effects of the 1990s dot-com bubble collapse. But, it might be intriguing to see how the concept of ...

One basic misunderstanding is to fail to distinguish between a private firm raising its wages paid, and a law compelling all and sundry to do the same. Unhappily ...

In an annual rite of passage, over a million Americans will enroll in their first economics class in the fall, and as the field of economics has evolved, these introductory classes are changing, too.