Discover how command and mixed economies differ, focusing on government control vs. private sector influence, supply and demand, and economic growth strategies.

Decision theory is a cornerstone of economic analysis, providing a framework for understanding how individuals and institutions make choices under conditions of uncertainty and risk. At its core, the ...

Most economists subscribe to a belief in “positive economics,” which means that economic theory flows from economic data. Thus, all theory can be tested for ...

Putting moral insight back into economics enhances understanding of political outcomes For much of the 20th century, the disciplines of moral psychology and economics were seen as distinct—each ...

AI is monetizing human behavior at scale. Why platforms like OnlyFans signal a structural shift and where investors should ...

Unexpected crises or events, such as the COVID-19 pandemic or natural disasters, can cause disruptions to a city's economy.

The much-discussed “K-shaped” economy, characterized by divergent fortunes between high and low-income Americans, is approaching unsustainable levels, according to Dario Perkins, senior economist and ...

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 ...

Prominent economist Mohamed El-Erian warns that the United States’ recent economic behavior is creating instability, not just at home, but across global markets. What Happened: In a column published ...

The markets have experienced a week filled with cautious observation and data releases that could shape economic decisions in the near term. Several key events have captured the attention of investors ...

Human behavior is driven less by rational decision-making and more by habit. Over the past decade, millennials have gradually reshaped daily routines to reduce ...