Kirkcaldy, a small town on Scotland’s east coast, is a nice place. But aside from a small alleyway, Adam Smith Close, the town has largely forgotten that Adam Smith lived there. The Adam Smith ...

The anomalies studied by behavioral economists suggest that logic is rarely the most important factor in decisions.

It recalls a recent opinion piece by Wall Street Journal editorial page columnist Joseph Sternberg. Titled “The Fed Quietly ...

Economists say a typical middle-class family today is richer than one in the 1960s. Americans in their 20s and 30s don’t ...

One can be a tad more optimistic today about the revival of Nehruvian economics without the public-sector albatross.

There are thinkers throughout history who offer grand overarching explanations of economic growth. Karl Marx was an economic ...

Beckert's book, a sweeping 1,300-page history, synthesizes bits and pieces of the academic literature to recount the ...

For many of us at The Economist, the Christmas double issue is our favourite of the year. We hope you enjoy it as much as we ...

Easterly questions if economic development is really development unless all parties have the right and opportunity to consent ...

Saint Augustine There is an ancient saying, attributed to Aesop: “We hang the petty thieves and appoint the great ones to ...

Discover how Jean-Baptiste Say coined 'entrepreneur' in the 1800s. Learn about its meaning, economic significance, and how ...