Good afternoon, dear University of the Philippines School of Economics (UPSE) graduates. I did not expect that the invitation ...

Definition: True cost economics is an economic model that includes the cost of negative externalities associated with goods and services. Description: If the prices of goods and services do not ...

Mobile homes, poor insulation, and limited access to care leave rural Americans dangerously exposed to rising temperatures.

European officials tracking the ramp up of Vladimir Putin’s military are wrestling with a threat that would have been ...

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Claudia Goldin is best known for her research of gender wage gaps and labor force earnings in the U.S., for which she won the ...

Environmental economics articles from across Nature Portfolio Environmental economics is the study of the economics of ecological and environmental issues. It focuses on the monetary value of ...

From an economics standpoint, marginal cost includes opportunity cost. In essence, an opportunity cost is the cost of not doing something different, such as producing a separate item.

Industrial policy is back—it's currently central to the agendas of both the EU and the UK. This resurgence comes amid a ...

Spending Habits Under the Permanent Income Hypothesis If a worker is aware that they are likely to receive an income bonus at the end of a particular pay period, it is plausible that the worker ...

The EU wants to become more resilient, autonomous and sustainable – yet its industrial policy contradicts these aims.