Discover four key economic concepts: scarcity, supply and demand, costs and benefits, and incentives. Learn how they affect consumer choices and financial decisions.

Learn how green economics advocates for environmental sustainability through economic strategies, emphasizing the balance between human activities and natural ecosystems.

Economics is a broad social science that studies factors that drive the supply and demand of limited resources. Economic resources are commonly defined as land, labor and capital. Two basic types of ...

Economics is a social science that studies the collection, allocation and distribution of economic resources. Business owners use the study of economics to help them make business decisions. Not only ...

"Universal Economics'" 680 pages, not including its glossary and index, reflect a friendly chat I had with Professor Alchian during one of the UCLA economics department's weekly faculty/graduate ...

A widely anticipated textbook, "Universal Economics," has just been published by Liberty Fund. Its authors are two noted UCLA economists, the late Armen A. Alchian and William R. Allen. Editor Jerry L ...

Economics is split between analysis of how the overall economy works and how single markets function Physicists look at the big world of planets, stars, galaxies, and gravity. But they also study the ...

THE EMERGENCE of the discipline of economics in the 18th century was the result of people trying to explain something that had never happened before. At the time a handful of countries were becoming ...

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

A specter is haunting mainstream economics. It is the specter of . . . modern monetary theory? So recent essays from Harvard luminaries Kenneth Rogoff and Lawrence Summers attest. For Rogoff, MMT is ...