Defenders of capitalism argue that cooperation is undermined by individuals’ tendency to take more from society than they ...

A second strategy for raising a country’s competitiveness is to reduce the price of its exports, which raises export sales volume. In countries with widespread collective bargaining, this can be done ...

Raising the retirement age to 70 would help Social Security’s trust fund shortfall. But experts say an across-the-board ...

Are Americans getting a $5,000 DOGE dividend check, refund or other stimulus payments in 2025? Here's what to know about ...

A “reset” was what aggrieved MPs demanded after Labour’s election humbling: a U-turn on the winter fuel payment cuts, the ...

After hours of debate, the Republican-led House narrowly passed the “Big Beautiful Bill” championed by Donald Trump, which brings hundreds of billions of dollars in funding cuts to essential programs ...

Economists warn that this misalignment may exacerbate economic vulnerabilities, as the administration’s focus on external trade conflicts diverts attention from pressing internal issues that are ...

and the word does have an actual definition worth knowing. Eight economists who serve on the Business Cycle Dating Committee within the National Bureau of Economic Research (NBER), a nonprofit ...

2 Based on this reasoning, Bastiat formulated his justly famous definition of the state ... a formal subdiscipline in 1920 with the publication of The Economics of Welfare by the British economist A.C ...

The definition of economics has nevertheless dynamically changed ... John Maynard Keynes, a distinguished British economist, is closely associated with the welfare-centered approach to economics.