Discover the core principles of development economics, including top theories like mercantilism and structural-change theory, ...

Keynesian economics, as developed by economist John Maynard Keynes, comprise a theory of total spending in the economy and ...

Larry Sjaastad, professor emeritus of economics and a leading expert on trade in Latin America, died May 2. A resident of Hyde Park, he was 77. Sjaastad made fundamental contributions to economics ...

The economy's supply side first gained attention when Adam Smith published "Wealth of Nations" in 1776. The supply side handles mobilization of resources to supply goods and services. The theory ...

Welcome to our series on economic theories that are changing the way we think. Today, James Morley explains how the very concept of what economic growth means is being re-shaped by endogenous growth ...

Economics is the study of how people make choices under conditions of scarcity of resources, including time, and the implications of these choices for individual and social welfare. Its methods allow ...

Majors in economics receive broad yet rigorous training in the core subjects of the discipline: general principles, micro- and macroeconomic theory, statistics, and econometrics. They learn to use ...