French philosopher Voltaire famously quipped: “If God did not exist, it would be necessary to invent him.” Something similar can be said of modern monetary theory, also known as MMT, because it may be ...

Annie Fadely is a senior associate at Civic Ventures and a producer of the "Pitchfork Economics" podcast. Fadely says it's "obvious" that economics has a gender bias that's rooted in the field's ...

When millions of homes and thousands of businesses lose access to electricity, it becomes obvious that energy is critical to the economy. We understandably focus on the crisis at hand. However, there ...

Economists develop economic models to explain consistently recurring relationships. Their models link one or more economic variables to other economic variables (see “Economic Models,” p. 8). For ...

Most economists subscribe to a belief in “positive economics,” which means that economic theory flows from economic data. Thus, all theory can be tested for ...

Ethics is an undervalued concept in economics. Economic teaching is calibrated to focus on issues related to growth, productivity and optimization. Professors and lecturers responsible for teaching ...

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

Economics is the study of the allocation of scarce resources. The subject of this course is microeconomics, which examines the decision making of individuals and firms with regard to consumption, ...

Successful economic development has been an elusive target in many countries of the Global South. Considerable intellectual effort has been spent on this issue over many decades with mixed results. A ...

Steven Pressman does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...