Economists sometimes present their discipline as the queen of the social sciences, a claim staked primarily on a superificial resemblance to physics: It has universal laws! Expressed in numbers!

The idea goes back at least 200 years to David Ricardo who created the basis of trade theory in economics over the next two centuries. Ricardo used a simple illustrative example of a world of just ...

Engage in an informed, critical, and passionate investigation of the economic dynamics of contemporary society. The Economics program at Lang is committed to providing you with a firm grasp of the ...

Donald Trump’s tariffs challenge a 19th-century economic principle that shaped global trade—nations prosper by specializing, not going it alone. Now, the US president wants America to produce more and ...