For more than a century, UChicago scholars’ groundbreaking theories have redefined the field of economics—from Milton Friedman’s ideas on monetary policy and Gary Becker’s theory of human capital to ...

Discover the core principles of development economics, including top theories like mercantilism and structural-change theory, ...

The Royal Swedish Academy of Sciences on Monday awarded the Nobel Memorial Prize in Economic Sciences to Northwestern University professor and Reason contributor Joel Mokyr "for having identified the ...

Inflation has slowed significantly and growth of the nation's gross domestic product has remained solid, but some economists still expect a mild recession this year. How could a modest downturn happen ...

At the end of his time in office, Barack Obama famously compared the presidency to an ocean liner. "Sometimes the task of government is to make incremental improvements or try to steer the ocean liner ...