I n the epilogue of their blockbuster book Mostly Harmless Econometrics (2009), Josh Angrist and Steve Pischke write, “If applied econometrics were easy, theorists would do it.” As academic jokes go, ...

Partha Gangopadhyay does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations ...

Economics is the study of the allocation of scarce resources. The subject of this course is microeconomics, which examines the decision making of individuals and firms with regard to consumption, ...

Economics is in many ways a novel subject, only gaining momentum in the past 100 years, and only more recently has modern economic theory begun to be developed. On the subject of sustainability, we ...

Keynesian economic theory comes from British economist John Maynard Keynes, and arose from his analysis of the Great Depression in the 1930s. The differences between Keynesian theory and classical ...

There are powerful economic messages to take from the careers of Taylor Swift and Beyoncé, writes a University of Kansas professor. A new book lays out what their successes help us understand about ...

Richard Holden is an ARC Future Fellow. Welcome to our series on economic theories that are changing the way we think. Today, Richard Holden explains two hotly contested theories that attempt to ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. You may have heard the news that two American economists – Paul Milgrom and Robert Wilson – ...

Vol. 48, No. 2, SYMPOSIUM: Two Centuries of Economic Growth: Latin America at its Bicentennial Celebration (NOVEMBER 2011), pp. 181-198 (18 pages) Using modern growth theory, we estimate Colombian ...

When reviewing job growth and salary information, it’s important to remember that actual numbers can vary due to many different factors—like years of experience in the role, industry of employment, ...