This year’s economics Nobel Prize has gone to Oliver Hart and Bengt Holmström, for their work on the theory of
During the past two years, we have seen signs that wage pressure is building as the economic recovery grinds on.
Since the Great Recession, macroeconomic discussion has been dominated by discussions of aggregate demand, and how to create more of
Traders and investors trying to parse the statements coming from the world’s most important central bank are at a loss:
For a few decades, economists used to imagine how the world works, write down a theory describing their idea, and
One of the less heralded truths of economics is that growth miracles, while they make for good press, are overrated.
How many times have you heard someone say that the Federal Reserve’s asset-purchase program known as quantitative easing was ineffective?
The harm of inflation cited in economics textbooks seems laughably unimportant. For example, inflation generates so-called shoe-leather costs — a
Does economics still believe in free trade? The discipline has urged the case for open markets since its earliest days,