If all 50 states start passing different farming laws, it will lead to even higher food costs and fewer choices for consumers ...

But this is a straw man argument that misrepresents what economics is about. Even basic introductory economics courses are focused on thinking about how to deal with the trade-offs that are inevitable ...

The most important part of an economics paper is showing understanding of the issues. Demonstrate that you understand basic economic principles (inflation, deflation, etc.). Clarity is paramount. Stay ...

Sky News host Rita Panahi criticises the new Victoria Treasurer Jaclyn Symes after it was revealed she "struggles" to ...

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...

Behavioral economics uses an understanding of human psychology to account for why people deviate from rational action when they’re making decisions. In the model of rational action assumed by ...

F ormer prime minister of the United Kingdom (UK) Liz Truss sent a legal notice to the current PM Keir Starmer demanding him to stop claiming that she crashed the economy of the country. The six ...