Learn about market failure in economics, where supply and demand imbalances lead to inefficient distribution, its types, and causes.

The Royal Swedish Academy of Sciences on Monday awarded the Nobel Memorial Prize in Economic Sciences to Northwestern University professor and Reason contributor Joel Mokyr "for having identified the ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

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. Join us as we ...

The Economic Survey 2026 predicts India's inflation will be higher in FY27 than FY26, but remains within the RBI's target.

John Kenneth Galbraith at a forum in Amsterdam in 1982. Dutch National Archives EDITOR’S NOTE: This essay was prepared for the Free Economic Society of Russia's 50th anniversary commemoration of the ...