Learn how economists measure utility using cardinal and ordinal approaches to understand consumer choices and maximize satisfaction from products and services.

The economic theories of both Karl Marx and Arthur Laffer are largely considered incorrect by mainstream economists. Laffer's theory, known as the Laffer Curve, incorrectly predicted that tax cuts ...

The yield curve is an important barometer of economic health and market sentiment within the fixed-income space. While professionals use it to interpret expectations around future interest rates, ...

The US government has reopened following its longest-ever shutdown, setting the stage for the eventual release of the gold-standard federal data that is crucial in analyzing the health and trajectory ...

Why doesn't a rising tide raise all or most boats? That is: how does wealth manage to get "sequestered" with the wealthiest? [In theory], they don't put it in big money rooms like Scrooge McDuck: they ...

Welcome to Snyder's Soapbox! Here, I pontificate about matters related to Major League Baseball on a weekly basis. Some of the topics will be pressing matters, some might seem insignificant in the ...

I remember my professor of economic history David S. Landes often talking about Joel Mokyr, who won the Nobel Prize in economics earlier this month. They must have been good friends. Professor Landes ...

Blackout The System launches its Second Wave economic blackout, urging participants to avoid work and shopping from Nov. 25 to Dec. 2. Blackout The System has called for a nationwide boycott, urging ...

AI companies are losing money at an epic pace, and the reasons go deeper than mere profligacy. The economics of artificial intelligence have turned sharply against them, at least for now, and for ...

STOCKHOLM (AP) — Three researchers who probed the process of business innovation won the Nobel memorial prize in economics Monday for explaining how new products and inventions promote economic growth ...

Joel Mokyr, Philippe Aghion and Peter Howitt won the prize for showing how “society must keep an eye on the factors that generate and sustain economic growth,” an award committee member said. By Eshe ...

The 2025 Sveriges Riksbank Prize for Economic Sciences in Memory of Alfred Nobel has been awarded to three researchers who have shown how technological and scientific innovation, coupled to market ...