Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Investopedia / Michela Buttignol Economic value is the value ...

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 ...

As 2022 draws to a close, we're thinking about which single economic story captured the year. Was it growing interest rates? Increased credit card spending? Problems with the supply chain? Mixed ...

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.

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 ...

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 ...

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 ...

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 ...

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 ...