What are the 50 most important economic theories of the last century? That’s the question a publisher recently asked me to ponder for a book they are developing. I’ve noodled on this over the past ...

We don't always behave the way economic models say we will. We don't save enough for retirement. We order dessert when we're supposed to be dieting. We give donations when we could keep our money for ...

With every new administration there are hopes on the part of roughly a half of the population and dread on the other. It flips like a coin. A random walk, for the probability fans out there, that ...

Today’s newsletter isn’t about Modern Monetary Theory (MMT), which has been the subject of a lot of back-and-forth in the economics world over the past couple of days. Suffice it to say that I ...

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 ...

Keynes was an influential policy analyst and economist who lived from 1883 to 1946. His seminal work, “The General Theory of Employment Interest and Money,” became a founding force behind modern ...

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 ...

Despite their opposing ideologies, they may well offer valuable insights into the future of country Just a few years ago, China's rise to superpower status seemed inexorable. Today, many independent ...