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, ...

Learn about Say's Law of Markets, how production drives economic demand, implications for growth and policy, and its ...

But that thinking changed with the emergence of endogenous growth theory, which aims to explain which forces drive innovation ...

Macroeconomics studies an overall economy or market system, its behaviors, the factors that drive it, and how to improve its performance.

Despite Goldin’s recent win, the Nobel Prizes are famously unequal, reflecting how women have been overshadowed by men in ...

There is an old joke in economics about two economists walking together down the sidewalk. One of them stops the other and says, “Look! There’s a $100 bill lying there on the ground!” As he stoops to ...

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 ...

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 ...

Three academics, Joel Mokyr, Philippe Aghion, and Peter Howitt, will share the 2025 Nobel Prize for economics for their work on the role of innovation in generating economic expansion.

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, ...