Economics merges psychology, politics, law, and business for a global view of decision-making. Microeconomics focuses on individual choices, while macroeconomics examines whole economies.

Some discussions about economics get very frustrating, because discussions about models, counterfactuals, and so on, often obscure more than they reveal about what I'll call the most profound ...

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 ...

FEW students of social problems to-day will question the general statement that the strength and sanctity of home life is still one of the most vital elements in the national fabric; and that the ...

I have just enjoyed watching the Chicago Cubs win a World Series game. In economic terms, it produced “utility” for me, a highfaluting way of saying it made me feel better, more satisfied, happier.