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 ...

STOCKHOLM (AP) — Three researchers who probed the process of business innovation won the Nobel memorial prize in economics Monday for explaining how new products and inventions promote economic growth ...

Almost two decades ago, a paper promulgating the theory of identity economics was published. The primary takeaway was the notion that monetary decisions directly correlate with a human’s sense of ...

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 ...

When reviewing job growth and salary information, it’s important to remember that actual numbers can vary due to many different factors—like years of experience in the role, industry of employment, ...