Economics

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...

Economists love competitive free markets because, if they are operating properly, they mak...

To an economist, the terms profit and loss refer to whether the revenue from selling a fir...

The worldwide Great Recession of 2007–2009 began in the economy when a housing bubble in...

There is always discussion of bubbles and how they develop in the economy. Bubbles typical...

Macroeconomics For Dummies, USA Edition