Economics

For simplicity, economists often assume that people are fully informed and totally rationa...

Offering “free” healthcare, reduced-cost care, and health insurance all have drawbacks...

When the economy encounters a negative demand shock, price flexibility (or lack of flexibi...

A wonderful thing about free markets and competition in the economy is that output is prod...

In the United States, the economy is relatively stable and prices rise only a small amount...

Conventional 20th-century neoclassical economics makes many accurate predictions about hum...

An important economic problem that results from poorly defined property rights that don’...

In some industries, cartels are effective at reducing output and raising prices in the eco...

In some cases, the economic benefits of monopolies actually outweigh their costs. Take a c...

The economy thrives on competition. When there is no economic competition, you see the eme...

Macroeconomics For Dummies, USA Edition