No book has done more than Capital to explain the way the world works. Only a few centuries old, capitalism’s unprecedented mode of producing for human needs and generating wealth shapes present and ...

Democratic socialism has become one of the most discussed movements in American politics, blending ideas of social welfare with democratic governance. This story explores what democratic socialism ...

Once relegated to the junk heap of economic ideas by mainstream policymakers, industrial policies, or state actions to change the composition of economic activity, are making a comeback. In the United ...

The world price of oil is in constant flux, but countries respond to this reality in very different ways. Some heavily regulate the degree to which world prices “pass-through” to the price of gasoline ...

When discussing the civil rights movement, many focus on its political and social implications. But we rarely hear about the economic ideals that drove the movement. Martin Luther King Jr.’s famous “I ...

U.S. economists may be barely holding on by the edge of their fingernails over the current state of the American economy, but strangely, consumers don’t seem to care. When Donald Trump entered his ...

The role of imports in GDP—Gross Domestic Product—confuses many people. The current political discussion about tariffs has triggered some of the misunderstanding. This article aims to help business ...