“Financial education.” This was my condensed response to a question in a recent Publishers Weekly interview: “What could have helped improved the lives of so many people during the Covid-19 crisis?” ...
The abandoned transaction between Novant Health (Novant) and Community Hospital System (CHS) for two North Carolina (NC) hospitals received substantial attention from the media, lawyers, and ...
One beauty of economics — the study of how human beings use scarce resources — is that its basic principles apply to life even if money is not involved. Opportunity cost, externalities, sunk costs, ...
The winners of the 2025 Nobel Prize in Economics underscore how innovation and openness fuel progress—offering lessons for the US–China AI race and the fragility of growth. The 2025 Nobel Memorial ...
Trump first announced his massive tariffs on “Liberation Day,” which was April 2. This was supposed to be the beginning of the United States rebuilding its manufacturing capacity. Since Liberation Day ...
Lessons from Soviet Economics for the Climate Era Abby Innes argues the world needs to reimagine how governments wield economic tools if we are to get on track to fight climate change.
A fundamental economic principle is that voluntary trade creates wealth, and the more people trade, the greater their well-being. Most economists agree that the more a nation’s citizens can trade with ...
During the Milan-Cortina 2026 Winter Olympics, Team USA finished second to Norway, earning 12 gold medals and 33 total medals. However, the Games offer more than athletic drama. They teach valuable ...
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Innovation, Openness, and the AI Race: Lessons from the 2025 Nobel Laureates in Economics
The 2025 Nobel Memorial Prize in Economic Sciences, awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt, could not be more timely. Their research explains how innovation, openness, and “creative ...
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