One idea unites the left and right lately: a zero-sum view of the world. Unfortunately, nice as it would be to hail a rare instance of ideological harmony, both sides are very much mistaken. Perhaps ...

Has any politician ever taken Econ 101? If so, did anyone pass? On the Republican side, why don’t they get the idea that mutually advantageous trade leads to lower prices, higher employment and ...

Milton Friedman and others tried to explain interest rates using liquidity, economic activity, and inflation expectations.

In an interview with Time magazine, President Trump explained how he approaches tariffs and trade negotiations. I use the word “explained” with some trepidation because explanations imply a certain ...

A new dawn for economic design: reimagining capitalism through the lens of justice and inclusion. Unsplash+ Philosopher John Rawls introduced a provocative thought experiment called the “Veil of ...

A fundamental economic principle is that voluntary trade creates wealth, and the more people trade, the greater their well-being. Most economists agree that the more a nation’s citizens can trade with ...

Last year, I wrote about how there are four different ways your view of the economy can be informed: hard economic data, soft economic data, the stock market, and your personal biases. The point is ...

Why do we use words like “natural” in economics? Or what about the word “utility”? The answer can be traced all the way back to the 18th century. “It's really an encyclopedia,” said Matías Vernengo at ...