Normative economics is a perspective of "what ought to be" rather than what actually is, dealing heavily in value judgments ...

Discover how environmental economics addresses resource scarcity, impacts policy decisions, and supports sustainable ...

Economics: it’s the study of human action and its unintended consequences, and I think it teaches us a lot about wise Christian stewardship and compassionate, prudent public policy. Here are four ...

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 ...

It’s easy to rag on economics as not being a “real” science, and I try not to do things that are too easy. But in recent weeks I’ve really started to wonder. It is fascinating, and frightening, to me ...

Behavioral economics combines elements of economics and psychology to understand how and why people behave the way they do in the real world. It differs from neoclassical economics, which assumes that ...