Behavioral economics combines elements of economics and psychology to understand how and why people behave the way they do in the real world. It differs from neoclassical economics, which assumes that ...

In Radio 4 podcast Understand: The Economy, financial journalist Tim Harford and guests go back to basics to explain the terms ... Here’s a quick guide to five economic terms you should ...

“The paradigm became that economics affects culture, not the other way around. For example, basic economics was used to explain family decisions, such as the participation of women in the workforce ...

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...

For more than a century, UChicago scholars’ groundbreaking theories have redefined the field of economics—from Milton Friedman’s ideas on monetary policy and Gary Becker’s theory of human capital to ...

Why do some nations flourish while others remain trapped in poverty? This year’s Nobel Prize in Economics goes to three economists whose groundbreaking work explores this very question.

Dr Singh’s views did not exactly align with the ‘Nehruvian’ approach to economic policy. Long before he changed the Indian economy in the 1990s, he tried to mould policy in the direction of ...

Why hasn’t populism taken off in high-immigration Australia? (There, perhaps, economics does explain a lot.) The strength of the hard right in France seems out of line with the size of the ...