Self-interest describes actions that are intended to result in personal gain. It comes with both pros and cons.

American students have a solid grasp of many broad economic principles, but they often lack a basic knowledge of the facts, rules, and institutions that shape their daily lives as citizens and ...

The discounting concept is widely used in economics and psychology. When referring to economics, the principle defines a value that will be received in the future, based on present financial terms. It ...

A generation ago, the so-called Washington Consensus laid out a series of do’s and don’ts for policymakers around the world. Despite its influence, the Washington Consensus has been widely criticised, ...

Exit polling suggests that the dominating issue for voters in the presidential election was the economy. Americans can barely afford groceries, rent and child care. Voters perceived President-elect ...

Forbes contributors publish independent expert analyses and insights. I share tips about launching, validating and growing startups. When it comes to concepts from economics useful to startup founders ...