Why do residents of Beverly Hills have such expensive cars? The question is rhetorical. Readers know why. While some will mindlessly contend that all the wealth is inherited, most understand that ...

It is an article of faith in mainstream economics that an economy cannot grow without a growing money supply. Yet, that is a ...

Economics is a social science that studies the collection, allocation and distribution of economic resources. Business owners use the study of economics to help them make business decisions. Not only ...

The last time U.S. inflation was raging, presidential candidate Ronald Reagan promised that cutting income taxes and business regulation would stabilize the volatile American economy, then get it ...

In economics, supply is the amount of some product producers are willing and able to sell at a given price all other factors being held constant. Usually, supply is plotted as a supply curve showing ...

It’s natural to blame panic-buying for the empty shelves you’ve seen at your local store during the past year of the pandemic. And while it’s true that panic-buying and hoarding is part of the problem ...

In Rich and Poor: Equality and Inequality, Spanish philosopher Leonardo Polo (1926-2013) offers profound thoughts which can serve as a foundation to change the debate on inequality. Polo inspired ...

Biden administration rhetoric might lead one to believe that free-market economists have triumphed. Treasury Secretary Janet Yellen trumpets what she calls a “modern supply-side economics,” while ...

The economist Robert Mundell died on April 4. Although known primarily for his work on international economics—he’s popularly known in economic circles as the “father of the euro”—he played a vital ...

As the world has experienced unprecedented shortages ranging from personal protective equipment and automotive semiconductors to wheat and sunflower oil in the midst of the pandemic and the war in ...

Jerome Powell, the Federal Reserve chair, is managing a high-stakes balancing act as he grapples with a cooling labor market, rising inflation and White House pressure to cut interest rates. By Colby ...