The second fundamental law of capitalism explains the impact of growth on the economy. It was initially viewed as a way to estimate the future growth rate, but the values on the variables can change ...

Do you sometimes wonder why economists are accorded such respect and influence given the fact that they claim knowledge over the unknowable, promote theories that are untestable, and make forecasts ...

Kenneth Arrow is the Joan Kenney Professor of Economics and Professor of Operations Research, emeritus, at Stanford University; a fellow of the Center for Health Policy and the Center for Primary Care ...

Paul Solman: On Tuesday, we posted the first transcript from a series of interviews I’ve done with Paul Samuelson over the years. This installment picks up where the last left off, explaining the most ...

Dr. Amlan Ray is the author of Macroeconomics Essentials You Always Wanted To Know. Amlan is a B.Tech., MBA, M.A. (Economics) and PhD from Amrita Viswa Vidyapeetham, India in the area of International ...

On Thursday, US Secretary of Energy Rick Perry flubbed one of the most fundamental lessons of modern economics. "Here's a little economics lesson: supply and demand. You put the supply out there, and ...