Microeconomics, the study of individual actors and markets, has deeply influenced the field of International Relations (IR) .

The Austrian School of Economics is known for its unique approach to understanding economic phenomena, emphasizing individual choice, subjective value, and the spontaneous order that emerges from ...

Totalitarianism is not compatible with a functioning economic system based upon free exchange and private property. Such ...

Introductory economics courses lack diversity in perspectives, limiting students' understanding of real-world applications.

At the end of July, shortly after Kamala Harris became the Democratic candidate for President, The Economist described her ...

BEIJING - This year's Nobel Memorial Prize in Economic Sciences recognises Abhijit Banerjee, Esther Duflo and Michael Kremer for their work using r ...

Side Economics?The theory of supply-side economics maintains that increasing the supply of goods and services is the engine ...

Erik S. Reinert argues through essays ranging from 1994 to 2020 that neo-classical economics damages developing countries, mostly via adherence to the theory of comparative advantage. Based on a long ...

Neoclassical economics is an approach to economics in which the production ... This approach has often been justified by appealing to rational choice theory.

The paper examines Argentina's fiscal policy within the context of both Keynesian and neoclassical economic theories, which agree on the detrimental effects of procyclical policies. Developing ...

New institutional economics emphasizes the neoclassical economics concepts of property rights ... or political leaders. ARJ’s theory contrasts two archetypes: "extractive" and "inclusive" political ...

Construction Economics: Prices, supply and demand, Macro-economic models, theories and issues: circular flow multi-sector models of the economy; Keynesian and neo-classical macro-economics; effective ...