Economists develop economic models to explain consistently recurring relationships. Their models link one or more economic variables to other economic variables (see “Economic Models,” p. 8). For ...

New Haven, Conn.--The basic economic theory that people work harder to avoid losing money than they do to make money is shared by monkeys, suggesting this trait has a long evolutionary history, ...

Discover how endogenous growth theory explains economic growth from within through innovation, human capital, and internal factors, impacting nations' prosperity.

Energy Secretary Rick Perry’s attempts to discuss basic economic theory on Thursday ended up with him being mocked on Twitter. “Here’s a little economics lesson: supply and demand. You put the supply ...

Basic economic theory says a commodity’s price should increase if demand for it grows and supply shrinks. So why didn’t Bakersfield home prices rise last month? Maybe local real estate isn’t that ...

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 ...

Ethics is an undervalued concept in economics. Economic teaching is calibrated to focus on issues related to growth, productivity and optimization. Professors and lecturers responsible for teaching ...