Discover the core principles of development economics, including top theories like mercantilism and structural-change theory, ...

On Aug. 15, 1947, British colonial rule in South Asia officially ended. The four independent states that eventually emerged in its place — India, Pakistan, Sri Lanka, and Bangladesh — all faced urgent ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

We don't always behave the way economic models say we will. We don't save enough for retirement. We order dessert when we're supposed to be dieting. We give donations when we could keep our money for ...

Economic theory has evolved from classical notions of self-regulating markets towards more nuanced frameworks that recognise the role of institutions, market imperfections and policy interventions.

The economy may be about the only human creation that works better in practice than in theory. Still, economists are busy churning out theories to explain the behavior of markets and investors.

When millions of homes and thousands of businesses lose access to electricity, it becomes obvious that energy is critical to the economy. We understandably focus on the crisis at hand. However, there ...

There is an old joke in economics about two economists walking together down the sidewalk. One of them stops the other and says, “Look! There’s a $100 bill lying there on the ground!” As he stoops to ...

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