Discover the evolution of economics from ancient times to modern theories that influence global markets, including Adam Smith and Keynesian approaches.

Explore the contrasts between Keynesian economics and monetarism and learn how each theory influences fiscal and monetary policies to regulate economic growth.

“Nobody spends somebody else’s money as wisely as he spends his own.” That’s from Nobel Prize-winning economist Milton Friedman, who suggested that for those who do not bear the direct cost of their ...

A new research paper found that the huge influx of foreigners under President Biden's open border policy had the beneficial ...

Free-market capitalism and technological progress have allowed even the poorer members of society to obtain goods once considered luxuries and substantially improved the standard of living.

LiveMint’s Quote of the Day revisits Milton Friedman’s warning that tariffs show visible protection of certain sectors but ...

The left has always attacked capitalism as being anti-social, but today much of the criticism of free markets comes from the ...

Technology is constantly evolving and being incorporated to provide new, better and cheaper goods and services.

Government procurement that protects local producers raises costs and lowers quality for the taxpayers such spending is ...

Sen. Bernie Sanders (I-VT) calls credit card lending “extortion and loan sharking,” comparing lenders to the usurers Dante placed in Hell. His proposed solution, starting with a five-year 10% interest ...

The endgame for a business is to make money, and a business that fails this simple test cannot survive for long. Read more here.

In his telling, the city was a neoliberal economic “utopia.” That was never quite true, but there’s little disagreement about ...