Re “State minimum-wage hike would be a small price to pay to help workers” (Commentary by Loretta Sanchez, March 20): As always, there are two sides to the story. My issue is the clear white-washing ...

Economic theory works on the premise that there are two types of employment: basic and non-basic. Economic base theory claims that basic employment is the engine of a local economy largely because its ...

Energy Secretary Rick Perry’s attempts to discuss basic economic theory on Thursday ended up with him being mocked on Twitter. “Here’s a little economics lesson: supply and demand. You put the supply ...

Rational expectations is a basic economic theory that originated with a paper written in 1972 by future Nobel Prize-winning economist Robert Lucas. The theory of rational expectations has been ...

Purchasing power is an economic theory relating to an individual's or business' ability to buy goods or services in the economic marketplace. Purchasing power usually is measured by calculating how ...

Keynesian economics is a theory whose premise is that aggregate demand is a primary driver of the economy and employment. Keynesian economics is an economic theory, and the basic premise is that ...