Some discussions about economics get very frustrating, because discussions about models, counterfactuals, and so on, often obscure more than they reveal about what I'll call the most profound ...

Economics merges psychology, politics, law, and business for a global view of decision-making. Microeconomics focuses on individual choices, while macroeconomics examines whole economies.

Kenneth Arrow is the Joan Kenney Professor of Economics and Professor of Operations Research, emeritus, at Stanford University; a fellow of the Center for Health Policy and the Center for Primary Care ...

I have just enjoyed watching the Chicago Cubs win a World Series game. In economic terms, it produced “utility” for me, a highfaluting way of saying it made me feel better, more satisfied, happier.

We live in a complex, economically interlinked world, but international politics still have major effects on individual households and businesses in most countries. Edward Lotterman This is happening ...

FEW students of social problems to-day will question the general statement that the strength and sanctity of home life is still one of the most vital elements in the national fabric; and that the ...

In an article on April 23, Wendy Carlin referred to a “new way to talk about the economy”. What is actually needed is a fundamental reset of the teaching of basic economic theory. This requires a new ...