Discover the evolution of economics from ancient times to modern theories that influence global markets, including Adam Smith and Keynesian approaches.

If fiscal theory is right, even bigger federal deficits under President Trump could reignite inflation. It’s a good time to buy TIPS. What drives inflation? Too much money, say the monetarists. When ...

Learn how fiscal policy is shaped in the U.S., the roles of the President and Congress, and how these branches collaborate on ...

Voters might think less taxes would equate to more money in their pockets, but a new study shows that at the local level, the opposite may actually be true. Economists and politicians have weighed the ...

William Diamond, Tim Landvoigt, and Germán Sánchez, authors of the 2024 NBER Working Paper 32573, “Printing Away the Mortgages: Fiscal Inflation and the Post-Covid Boom,” analyzed the impact on the ...

I n the epilogue of their blockbuster book Mostly Harmless Econometrics (2009), Josh Angrist and Steve Pischke write, “If applied econometrics were easy, theorists would do it.” As academic jokes go, ...

The remarkable changes in manufacturing construction over the past year, since the passage of two key Biden administration industrial-policy laws, is rapidly putting to rest a concept that has been ...

Imagine it is late 2024. Inflation in the rich world has fallen from its peak but stayed stubbornly high. At around 4%, it is well above the level at which most central banks are comfortable.

Critical Economic Theory is not a new concept. Like critical race theory (which is seen through a more controversial lens), CET seeks to examine and understand how systemic economics is ingrained in ...

Economic theory has evolved into a multifaceted discipline that not only articulates the fundamental principles governing resource allocation and decision‐making but also integrates classical ideas ...