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 ...

Could you answer the following three questions for your next project? What will it cost? What is it worth? Will it earn sufficient profit? Before undertaking any project, these questions should be ...

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...

Could you answer the following three questions for your next project? What will it cost? What is it worth? Will it earn sufficient profit? Before undertaking any project, these questions should be ...

When it comes to the very basics of economics—production, trade and labor—average consumers and economists are on vastly different pages. Consider public views on immigration, which often reflect ...

From booms and busts to wealth and poverty, economics helps us to understand the material well-being of society. Its impact can be felt in almost every sphere of daily life, from the pound in your ...