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

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

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

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

Last Friday, I spoke on a panel at NYU on political theorist Alyssa Battistoni’s new book Free Gifts: Capitalism and the ...

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

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

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

Efficiency wages boost productivity by paying above market rates to retain skilled workers, reduce turnover, and foster loyalty. Learn how it impacts business success.

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 do. We won’t publish a print edition next week, but we will keep on ...

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 ...

Rep. Adam Smith (D-Wash.) isn’t one to mince words. In an interview on the sidelines of the Reagan National Defense Forum, the House Armed Services Committee’s top Democrat told Breaking Defense how ...