Financial Word of the Day: Hicksian demand refers to the quantity of a good a consumer would purchase after a price change, ...

Explore P.F. Drucker's management theory: decentralized leadership, management by objectives, knowledge worker and more foundational concepts.

Experts are reaching to divine the president’s approach to global policy and economics, with one theory seeing antecedents in ...

Discover George Akerlof's pioneering work in economics, including his Nobel-winning analysis of asymmetric information and influential theories in market dynamics.

Discover how Oliver Williamson, a Nobel laureate, transformed economic thought with Transaction Cost Economics and influenced policy beyond traditional markets.

Ironically, an acatallactic pseudo-theory of money that emerged from a school of thought that rejected theory in favor of an ...

For the greater part of the last decade, the United States and China have been locked in a cold war, fought as fiercely over economic and technology advantages as over military advantages. In ...

University of Clermont Auvergne, CERDI (CNRS-IRD), French Chapter of System Dynamics Society, Post-Growth Institute, Fellowship of Schumacher Institute, Clermont-Ferrand, France. Léon Walras’s work ...

The transformation that occurred in Plymouth Colony in 1623, when Governor William Bradford abandoned the communal labor system and reassigned corn plots to individual households, has long been ...

Mainstream economics argues that the tax system is the best tool for reducing economic inequality. In fact, “predistributive” measures like minimum wages and collective bargaining can be equally or ...

A 28-year-old's candid take on why so many high-achieving women remain single has gone viral on Instagram, drawing support from hundreds of thousands of viewers—including Grammy-winning artist SZA—and ...