During interviews with students in top graduate programs, they observed that their interlocutors didn’t like the outsize role of economic theory and mathematical technique in their curriculum: ...

Learn about the "invisible hand," a key economic concept introduced by Adam Smith, and its implications in free markets.

Twenty years ago, something happened when Pablo Peña sat in Prof. Gary Becker’s doctoral-level course at the University of Chicago. As the economist lectured on human capital theory, a concept he’d ...

President Donald Trump’s administration reflects this division. Its economic team includes representatives from the more ...

The Annual Bank Conference on Development Economics (ABCDE), organized by the World Bank Development Economics (DEC) Vice Presidency, is one of the world’s best ...

Monetarism is a macroeconomic theory, which states that governments can foster economic stability by targeting the growth rate of the money supply.

A brief history of economic theory Modern governments use economic theories that go back a long way to guide their decisions on monetary and fiscal policy, market regulation, social welfare and more ...

He discussed the fundamental role of economic theory in climate change policy, and the incentive structure that is continually developed in order to mutually accomplish economic and environmental ...

The political realignment has come for economics. At least since the days of Friedrich Hayek and John Maynard Keynes in the ...

Kaley Cuoco was not the first choice for Penny on 'The Big Bang Theory.' She ended up beating out an Oscar winner and more for the role.