Learn about homo economicus, its origins, significance in economics, and the challenges to its rational decision-making model ...

Although neoclassical economics relies on assumptions that should have been discarded long ago, it remains the mainstream orthodoxy. Three recent books, and one older one, help to show why its staying ...

As part of our Marketplace Economic Pulse series, we examine the economy from a range of perspectives. Today, we hear from Clara Mattei, a professor of economics at the University of Tulsa In Oklahoma ...

A 4 November 2025 Project Syndicate (PS) article ‘Adam Smith and the moral economy we have lost’ pointed out the strong moral linkage of Adam Smith’s earlier book The Theory of Moral Sentiments, with ...

With its fixation on equilibrium thinking and an exclusive focus on market factors that can be precisely measured, the neoclassical orthodoxy in economics is fundamentally unequipped to deal with ...