Although nearly a quarter of Americans (23%) say socialism means equality, fewer (17%) correctly identify socialism as an economic system where the government controls key factors of production and ...

When we hear about economic growth, the first number that usually pops up is GDP-Gross Domestic Product. It measures the total value of goods and services produced in a country over a specific period.

“The test of a first-rate intelligence,” said F. Scott Fitzgerald, “is the ability to hold two opposed ideas in the mind at the same time.” Understanding economic populism is simpler: You need to keep ...

When Claudia Goldin won the Nobel Prize in Economics last October, many of her colleagues rejoiced. The prestigious award endows the Harvard University academic with an aura of respectability that few ...

It is the mid-1990s and the economics faculty at a leading business school is meeting. The assembled dons are in a prickly mood. Many are upset that business-school fields, such as marketing and ...

Add Yahoo as a preferred source to see more of our stories on Google. Michael Austin For years, Kansas politicians have argued over what students should know before they graduate. Lawmakers have ...

Companies in the life science sector are increasingly turning to licensing to boost their revenue streams. Richard Gering provides a guide to the deal structures they can use Companies selling branded ...

"Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life," once said Tyler Cowen, an American economist. A coffee farmer in Colombia watches ...