Joel Mokyr, Philippe Aghion and Peter Howitt have won the Nobel memorial prize in economics for explaining innovation-driven ...

Economics is a social science that studies the collection, allocation and distribution of economic resources. Business owners use the study of economics to help them make business decisions. Not only ...

"Universal Economics'" 680 pages, not including its glossary and index, reflect a friendly chat I had with Professor Alchian during one of the UCLA economics department's weekly faculty/graduate ...

A specter is haunting mainstream economics. It is the specter of . . . modern monetary theory? So recent essays from Harvard luminaries Kenneth Rogoff and Lawrence Summers attest. For Rogoff, MMT is ...

Treasury Secretary Steven Mnuchin on Thursday dismissed climate activist Greta Thunberg, saying the Swedish teen and Time Person of the Year should first go to college and study economics before she ...

A government shutdown typically risks only modest damage for the U.S. economy, stemming mainly from furloughed public workers ...

Their work was credited with helping economists better understand how new ideas and inventions come about — a process as old ...

Joel Mokyr is from Northwestern University, Philippe Aghion from the College de France and the London School of Economics, and Peter Howitt from Brown University.