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

The concept of economic cycles is pivotal in understanding the fluctuations in the economy that impact our daily lives. These cycles consist of four main phases: expansion, peak, recession, and ...

A new article at The Wall Street Journal cites a recent report from the central bank branch, positing that mass deportations will be an "economic drain" on the American economy. Consider an economic ...

Why the world of economics should consider the concept of 'whole man' 'Whole man' as a concept looks at the man, not as juxtaposed to the others but as an integral one with the entire Creation. In ...

A recession is "a contraction in economic activity," according to experts. During a recession, there is a range of decline spread across the economy.

This concept added a new dimension to the understanding of how individuals make economic choices, highlighting the importance of considering the time element in decision-making. Friedrich von Wieser ...

Economic profit is profit that remains after subtracting opportunity costs from net income. Here you will learn what economic profit is and how to calculate.

Donald Trump's Economic Vision Might Also be a Concept of a Plan "The word 'tariff,’ when properly used, is a beautiful word," says the former president, who absolutely knows what he's talking ...

Corporations must be accountable for the negative consequences of their operations, like greenhouse gas emissions, plastic pollution and even income inequality.

Yet even the great economic thinkers hadn’t incorporated identity—a concept well known to sociologists and psychologists—into a formal economic model.