As everyone knows, free markets are important because they voluntarily bring together willing buyers and sellers. Supply and demand are the sine qua non of economics. In fact, so important is their ...

https://doi.org/10.13169/worlrevipoliecon.11.3.0388 • https://www.jstor.org/stable/10.13169/worlrevipoliecon.11.3.0388 Copy URL We consider economic value as a ...

SEOUL, May 22 (UPI) --An economic theory has sparked controversy during South Korea's presidential campaign, with the opposition leader introducing a classic economic metaphor called the "hotel ...

It has recently been suggested that heterodox economics can benefit from an engagement with classical surplus theory. However, caution is often recommended due to the ideological concepts that are ...

We all know that the economy moves in cycles; boom is followed by bust is followed by boom seemingly forever. A question we’d all like the answer to is: “Where are we now in the cycle?” Economist ...

In its negotiations on the two key infrastructure bills, Congress members are utilizing the classic economic concept of game theory to outmaneuver one another. We look at what this federal ...