In much of the developing world big firms are rare. The typical firm consists of a single worker—the owner. Even among those ...

Explore whether economics can be considered a science, analyzing its classification, testability, and consensus within social science debates.

As the conflict in the Middle East drags into its fourth day, the U.S. economy is feeling the ripple effects as gas prices ...

Positive economics is a fact-based analysis of what is occurring in an economy, without making prescriptions of what should or should not be happening.

On February 20th America’s Supreme Court struck down Donald Trump’s signature policy. The president claimed the International Emergency Economic Powers Act ( IEEPA) of 1977 let him slap any tariffs he ...

Understanding economics is the key to preserving civilization. This is because civilization itself is a consequence of choices.

When Hristos Doucouliagos was a young economist in the mid-1990s, he got interested in all the ways economics was wrong about itself—bias, underpowered research, statistical shenanigans. Nobody wanted ...

The most successful organizations have leaders who understand how to implement strategies in ways that align with how people think, decide and act.

Paul Solman: I’ve done numerous interviews with Paul Samuelson over the years. Invariably, he was funny, imaginative and deep. Particularly memorable was a long session on the basics of economics ...

MercadoLibre's growth story remains intact. But heading into 2026, the bigger question is whether competition has permanently changed the rules of the game.

Ramadan encourages individuals and societies to reassess consumption patterns, prioritize generosity, and realign economic activity with moral and communal values.