Discover the principles of laissez-faire economics, its historical context, benefits, and drawbacks. Learn why this free-market approach continues to spark debate.

Inflation versus deflation? Bull market versus bear market? The economy is confusing enough for the average person without all the jargon. While most Americans just want to know how much a carton of ...

Behavioral Economics is the application of psychology to the field of economics. It describes the role that psychology plays among consumers, employers, and governments, which then impacts markets and ...

Overshooting is a model or hypothesis in economics used to explain why exchange rates are more volatile than we would expect.

This article examines the insights into how people actually behave from behavioural economics and how this affects economic explanation and prescription. It argues that implications for explanation ...

Economic profit is profit that remains after subtracting opportunity costs from net income. Here you will learn what economic profit is and how to calculate.

The White House economic adviser, when grilled on concerns of a recession on Sunday, assured Americans that the answer to whether the Biden administration was doing everything possible to increase ...