The standard model of supply and demand taught in introductory economics is a good example of a useful economic model. Its basic purpose is to explain and analyze prices and quantities traded in a ...

Everywhere you look, it seems, people are talking about a Universal Basic Income (UBI)—a monthly ... This post examines the relevant economic theory. Part 2 will look at the evidence.

Universal basic income (UBI) has captured the attention of many progressives over the past several years. Simply put, it’s the idea that every citizen should receive an unconditional transfer of money ...