Discover marginalism's role in economics—how incremental decisions drive value, utility, and consumer behavior. Explore key ...

Regrettably, many American Christians know little about economics. Furthermore, many Christians assume that the Bible has nothing at all to say about economics. But a biblical worldview actually has a ...

Although nearly a quarter of Americans (23%) say socialism means equality, fewer (17%) correctly identify socialism as an economic system where the government controls key factors of production and ...

Discover how Reaganomics affected taxes, government spending, and regulation through President Reagan's policies based on trickle-down economics.

Many business leaders have taken at least one course in economics, but most of them were taught the wrong part of economics, at least wrong for someone running a company. A little focus on the ...

Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly, by John Quiggin, Princeton University Press, 408 pages, $29.95 On the radio and in his writings for The Nation, ...

"Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life," once said Tyler Cowen, an American economist. A coffee farmer in Colombia watches ...

There is no one way of understanding the bases of, or justification for, austerity. If there was, there wouldn’t be such voracious debate around the topic. A recent televised discussion provides a ...

Let’s say you’ve spoken with your customers, as we suggest you do regularly. They’ve told you what they value. After all, it’s your customer that defines the value of your business. Now, it’s time to ...

The off-year elections are over. After winning two key governorships and many other races, Democrats are happier than Republicans. And pundits are ascribing a lot of economic meaning to the outcome.

Measuring key aspects of a nation’s economy is important, but the metrics used are often misunderstood by many. Quantifying output of goods and services, price levels, and labor use provides ...