The contemporary debate over the future of natural resources features two competing theories of economics. The view that dominates all economic policy and theory today is rooted in the work of Adam ...

In most my dealings with questions of economic development I run across men and women who view themselves as pragmatic doers, totally immune from anything quite as impractical as academic research.

ABCDE 2014 is intended to be a stock-taking of the foundations and methods of development economics. Over the last two decades, development economics has risen ...

Positive economics is a fact-based analysis of what is occurring in an economy, without making prescriptions of what should or should not be happening.

When millions of homes and thousands of businesses lose access to electricity, it becomes obvious that energy is critical to the economy. We understandably focus on the crisis at hand. However, there ...

James Morley receives funding from the Australian Research Council. Welcome to our series on economic theories that are changing the way we think. Today, James Morley explains how the very concept of ...

Economic theory allows individuals to study the monetary effects of social and government policies. Nations are built upon several economic principles. Minimum wage is a common economic principle ...

The competing theory, associated with the mid-20th century English economist John Maynard Keynes, argues that market economic activities are not inherently benign and can even be downright dangerous.

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Erika Rasure is globally-recognized as ...

Today’s newsletter isn’t about Modern Monetary Theory (MMT), which has been the subject of a lot of back-and-forth in the economics world over the past couple of days. Suffice it to say that I ...