In the revolutionary 1970s and 1980s, when economic theory exerted its “oppressive” power over the rest of the economics profession, expanding the language of economics was a shared core ...

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 ...

His book publications include Theory of International Trade (with Victor Norman), The Art of Strategy (with Barry Nalebuff), Investment Under Uncertainty (with Robert Pindyck), Games of Strategy (with ...

Economic theory has its roots in antiquity. As early as the 18th century BC, ... when the role of governments in the recovery of economies was catalytic. To this day, ...

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 ...

When I write and talk about economists’ role in policy making, I often refer to what I call the “lamppost theory” of economic policy. The theory holds that politicians use economics the same way a ...

Yates has been teaching economics at the university level since 2012, and in addition to her teaching role, has also served SNHU learners as an economics subject matter expert and academic advisor.