Randall Morck of the Alberta School of Business says economists too often regard people as "dynamic, stochastic optimization ...

I remember my professor of economic history David S. Landes often talking about Joel Mokyr, who won the Nobel Prize in economics earlier this month. They must have been good friends. Professor Landes ...

When Claudia Goldin won the Nobel Prize in Economics last October, many of her colleagues rejoiced. The prestigious award endows the Harvard University academic with an aura of respectability that few ...

As I’ve written previously, central bankers received a lot of criticism over the last year or two as the global economy has stubbornly refused to recover from the Great Recession at anywhere near the ...

The 2025 Sveriges Riksbank Prize for Economic Sciences in Memory of Alfred Nobel has been awarded to three researchers who have shown how technological and scientific innovation, coupled to market ...

“Economics is a study of mankind in the ordinary business of life.” So starts Alfred Marshall’s “Principles of Economics”, a 19th-century textbook that helped create the common language economists ...

Discover the significance, history, and recognition process of the Nobel Prize in Economics, acknowledging outstanding contributions to the field.

Basic scientific research is a key contributor to economic productivity. Is science running out of steam? A growing body of research suggests that disruptive breakthroughs—the kind that fundamentally ...