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

Monetary theory posits that a change in money supply is a key driver of economic activity. A simple formula, the equation of exchange, governs monetary theory: MV = PQ.

His most famous work, The General Theory of Employment, Interest and Money, was published in 1936. But its 1930 precursor, A Treatise on Money, is often regarded as more important to economic thought.

By contrast, Ha Joon-kyung, an economics professor at Hanyang University, noted that the $100 story example could be a tool to clarify economic concepts. "The hotel economy theory simply ...

For example, the claim that an economic model is “built around the Phelps-Winter model of the product market, combining it with a version of the Calvo-Bowles shirking model of the labour market ...

For example, retirement ... How a common economic theory could help save endangered frogs. Your friend's email. Your email. I would like to subscribe to Science X Newsletter. Learn more. Your name.

Economic theory’s elusive mixture of “scientific” and “artistic” elements is probably what attracted me to it in the first place.

This long-held economic theory on real-estate prices has been upended by COVID-19 How to predict the future of rents in major cities? Start by looking at what share of employees can work remotely.