Explore the principles of mainstream economics, its origins in neoclassical thought, and criticisms from heterodox theories. Discover how it impacts economic policies.

Learn how to evaluate an asset's economic life, understand key factors affecting it, and how it differs from depreciation to make informed financial decisions.

Economic profit contrasts from net income by subtracting both usual costs and missed alternative profits. Short-term economic losses may lead to long-term gains if underlying business strategies ...

Behavioral Economics is the application of psychology to the field of economics. It describes the role that psychology plays among consumers, employers, and governments, which then impacts markets and ...

We need a new, positive definition of public goods to counter the current economics definition that relegates pubic goods to market failure. Last week I wrote about how economist Paul Samuelson's ...