Explore the principles of mainstream economics, its origins in neoclassical thought, and criticisms from heterodox theories. Discover how it impacts economic policies.

Learn how to evaluate an asset's economic life, understand key factors affecting it, and how it differs from depreciation to make informed financial decisions.

Robbins' Essay gave economics a definition that came to dominate the professional literature. This definition laid a foundation that could be seen as justifying both the narrowing of economic theory ...

Here’s a set of definitions for common and emerging economic and fiscal terms often seen bandied about in news reports.

Economics can seem as if it is an obscure subject, in that you haven't had the chance to study it much, but parts of it can be very understandable. A simple definition of economics is the study of how ...

Behavioral Economics is the application of psychology to the field of economics. It describes the role that psychology plays among consumers, employers, and governments, which then impacts markets and ...