The edifice of economic theory constructed over the last two centuries, to an extent in the shadow of physics, has been ...

Buyers and sellers meet and at the right price all products are sold Three little words. Often that is all it takes to make one’s heart beat faster. “Liberty, equality, fraternity” captured the French ...

Discover exceptions to the law of demand, like Giffen and Veblen goods, and understand why they don't disprove core economic ...

Demand for new houses over the past 50 years has generally shifted outward with rising incomes and an increasing population, though it has shifted inward during periods of recession. Supply for new ...

Inflation has remained at levels well above the Federal Reserve’s inflation goal of 2% for over a year. Separating the underlying data from the personal consumption expenditures price index into ...