Learn about the "invisible hand," a key economic concept introduced by Adam Smith, and its implications in free markets.

Positive economics is the study of economics based on objective analysis of what is occurring and what has been occurring in an economy.

Monetary theory is a set of ideas about how changes in the money supply impact levels of economic activity.

In this column, venture capitalist Nick Hanauer critizes the theory that a higher minimum wage will cause increased unemployment. Going further, he suggests that economic theories in general are ...

An economic theory has sparked controversy during South Korea's presidential campaign, with the opposition leader introducing a classic economic metaphor called the "hotel economy." ...

Such resentment against economic theory and economic theorists is something the authors could have picked up during their formative years as graduate students.

This book is delightful in demonstrating how economic theory has developed new and unexpected frontiers. The best example of this approach is the chapter on strengthening communities.

A common theory that guides financial investment strategies may be a handy tool to protect an endangered Puerto Rican frog. A new study uses modern portfolio theory to identify future "investments ...