Explore the principles of mainstream economics, its origins in neoclassical thought, and criticisms from heterodox theories. Discover how it impacts economic policies.

The role of economics in America’s National Security Strategy (a document mandated by Congress upon the Executive branch in the 1980s) has undergone a remarkable, yet wholly unnoticed metamorphosis.

The 2013 winners have now been announced. David Spencer responds in a postscript at the bottom of this article. What are economists for? Well, one obvious answer is to “do economics”, defined in the ...

A top member of President Biden's economic team previously acknowledged the definition of a recession was two consecutive quarters of negative growth. "One percent growth isn’t a recession, which is ...

One of the most common arguments for allowing more immigration is that there is a “need” for foreign workers to do “jobs that Americans won’t do,” especially in agriculture. One of my most vivid ...

Behavioral Economics is the application of psychology to the field of economics. It describes the role that psychology plays among consumers, employers, and governments, which then impacts markets and ...

We need a new, positive definition of public goods to counter the current economics definition that relegates pubic goods to market failure. Last week I wrote about how economist Paul Samuelson's ...

In an era defined by unprecedented environmental challenges, from rising temperatures to extreme weather events, the concept of Earth economics has never been more urgent. Earth economics is an ...

One of the most common arguments for allowing more immigration is that there is a “need” for foreign workers to do “jobs that Americans won’t do,” especially in agriculture. One of my most vivid ...