Learn what a price taker is, see examples in competitive markets like grain and oil, and understand how they differ from ...

Explore how political economy examines the impacts of economic theories, like capitalism, on real-world interactions and policies globally.

BENJAMIN ENKE is the Paul Sack Associate Professor of Political Economy at Harvard University and a faculty research fellow at the National Bureau of Economic Research. Opinions expressed in articles ...

Bird flu has led to an egg shortage in the US. This has affected consumer behavior. This situation has led panic buying and significant shortages across the country. Virginia Tech economist Jadrian ...