On Aug. 15, 1947, British colonial rule in South Asia officially ended. The four independent states that eventually emerged in its place — India, Pakistan, Sri Lanka, and Bangladesh — all faced urgent ...

Positive economics is a fact-based analysis of what is occurring in an economy, without making prescriptions of what should ...

Nearly 50 years ago, the preeminent economist Milton Friedman wrote that businesses don't have a social responsibility to society, only to creating wealth. In the half-century since, economists have ...

Today’s newsletter isn’t about Modern Monetary Theory (MMT), which has been the subject of a lot of back-and-forth in the economics world over the past couple of days. Suffice it to say that I ...

When millions of homes and thousands of businesses lose access to electricity, it becomes obvious that energy is critical to the economy. We understandably focus on the crisis at hand. However, there ...

Economic uncertainty, like we are living through right now, can make regular purchasing decisions challenging. Even more so decisions around big life moments, like changing your job, buying a house or ...

There is an old joke in economics about two economists walking together down the sidewalk. One of them stops the other and says, “Look! There’s a $100 bill lying there on the ground!” As he stoops to ...

With every new administration there are hopes on the part of roughly a half of the population and dread on the other. It flips like a coin. A random walk, for the probability fans out there, that ...

The economy may be about the only human creation that works better in practice than in theory. Still, economists are busy churning out theories to explain the behavior of markets and investors.

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

Recent economic reports are running contrary to the expectations of those who subscribe to Modern Monetary Theory and other types of “new” economic thinking. The belief that the government can use ...

From its most fundamental theories to the halls of academia, the field of economics is built by and for men. Google "famous economists." If you click on every single link that appears on the first ...