Larry T. Wimmer, professor emeritus of economics at Brigham Young University, called Sanderson’s career at UChicago as truly ...

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...

What determines the economic value of internet infrastructure and the incentives to improve it? What are the open research questions for the most salient policy issues? This article reviews the basic ...

Keynesian economics is an economic theory, and the basic premise is that aggregate demand serves as the primary driver of a nation’s economic activity and employment. This branch of economics ...

If all 50 states start passing different farming laws, it will lead to even higher food costs and fewer choices for consumers.

The economic system that we currently have is implicitly designed for men. Related stories Homo economicus is one of the most basic theories taught in Econ 101. It's the term assigned to the group ...

Behavioral economics uses an understanding of human psychology to account for why people deviate from rational action when they’re making decisions. In the model of rational action assumed by ...

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 ...