Positive economics is a fact-based analysis of what is occurring in an economy, without making prescriptions of what should or should not be happening.

Discover the evolution of economics from ancient times to modern theories that influence global markets, including Adam Smith and Keynesian approaches.

In most my dealings with questions of economic development I run across men and women who view themselves as pragmatic doers, totally immune from anything quite as impractical as academic research.

ABCDE 2014 is intended to be a stock-taking of the foundations and methods of development economics. Over the last two decades, development economics has risen ...

Editor’s Note: This is Part 1 of a two-part series on how mistaken assumptions by top U.S. policymakers have worsened the financial crisis. It has been three years since the worst financial collapse ...

The competing theory, associated with the mid-20th century English economist John Maynard Keynes, argues that market economic activities are not inherently benign and can even be downright dangerous.

Economic theory allows individuals to study the monetary effects of social and government policies. Nations are built upon several economic principles. Minimum wage is a common economic principle ...

Keynes was an influential policy analyst and economist who lived from 1883 to 1946. His seminal work, “The General Theory of Employment Interest and Money,” became a founding force behind modern ...