Learn about market failure in economics, where supply and demand imbalances lead to inefficient distribution, its types, and causes.

Why do we use words like “natural” in economics? Or what about the word “utility”? The answer can be traced all the way back ...

Discover Hotelling's Theory, which explains how owners of nonrenewable resources decide whether to extract and sell based on future price predictions and interest rates.

IT asset management needs to keep up. Provided byThoughtworks Early 2022 has brought with it an unusually high level of commotion in the open-source community, largely focused on the economics of ...

Wendy Carlin explains how a new approach to economics education can help address pressing societal problems In the early 2010s, a widespread feeling that economics teaching was failing students ...

Behavioral economics helps investors understand irrational market behaviors and customer choices. Examples of behavioral economic theories include loss aversion and sunk-cost fallacy. Recognizing ...