The organic kombucha in one cart and the agonizing choice between milk or eggs in another aren't just different shopping lists—they're parallel universes existing in the same American neighborhoods.

Discover how Oliver Williamson, a Nobel laureate, transformed economic thought with Transaction Cost Economics and influenced policy beyond traditional markets.

A growing number of states require high schools to teach the basics of free-market capitalism in their financial literacy ...

WASHINGTON D.C., DC — Story from The Conversation by Tarah Williams, assistant professor of political science at Allegheny College, and Andrew Bloeser, associate professor of political science and ...

The 2020s, so far, have been one long and often painful lesson in what happens when policymakers tell economists to shut up and go away. From the COVID-19 pandemic through Bidenflation and onto the ...

Protests triggered by soaring inflation and a collapsing currency have highlighted widespread political discontent. Analysts say the deep economic woes are a major challenge to the regime's authority.

Re “California just keeps getting more expensive” (Nov. 25): The author, as well as many others who whine about the cost of living in California, don’t understand the Econ 101 concept of supply and ...

Economic freedom is a vital component of a prosperous society. Defined as the ability to make economic decisions without undue government influence, people in free societies can work, transact, and ...

The Trump administration seems to be preparing large payments to farmers, particularly those growing soybeans, similar to the ones offered in 2018-2020 during his first administration. That such ...

A fundamental economic principle is that voluntary trade creates wealth, and the more people trade, the greater their well-being. Most economists agree that the more a nation’s citizens can trade with ...