If there is one consistent theme in President Trump’s economic philosophy, it is that trade deficits are bad for the country and must be eliminated. This is the principal motivation for his recent ...

Some even consider them quaint, outdated, or simple-minded. Basic economic principles, however, are neither simplistic nor simple minded. They are, rather, quite sophisticated in their simplicity, ...

Politicians have been stumbling over one another to take credit for the popular Cash for Clunkers program, which provides up to $4,500 to consumers who trade in gas-guzzling cars and trucks for more ...

The Budget Crunch Is Coming. States Must Adjust Their Spending Accordingly Sorkin Rounds Up the Usual Suspects A Warning from Chicago Audio By Carbonatix Why does predatory pricing so rarely succeed?

Economics has always had something of a problem defining itself. One economist, Jacob Viner, even offered the explanation that, “Economics is what economists do.” Viner’s smarty-pants explanation was ...

When running a small business, decisions must be made to help ensure profit maximization and continued success. Understanding some of the basic economic principles at work behind the scenes can help ...