Learn the difference between consumer surplus and economic surplus, how the concepts are related, and the important ...

The Royal Swedish Academy of Sciences on Monday awarded the Nobel Memorial Prize in Economic Sciences to Northwestern University professor and Reason contributor Joel Mokyr "for having identified the ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

Learn why unit economics is crucial for sustainable startup growth, and how metrics like CAC, LTV and cohort analysis drive ...

In this episode of 'Economics Explained,' they look into whether or not sanctions create a desire outcome for those who use them. The video focuses primarily on sanctions against Russia while looking ...

Inflation has slowed significantly and growth of the nation's gross domestic product has remained solid, but some economists still expect a mild recession this year. How could a modest downturn happen ...

John Kenneth Galbraith at a forum in Amsterdam in 1982. Dutch National Archives EDITOR’S NOTE: This essay was prepared for the Free Economic Society of Russia's 50th anniversary commemoration of the ...