One idea unites the left and right lately: a zero-sum view of the world. Unfortunately, nice as it would be to hail a rare instance of ideological harmony, both sides are very much mistaken. Perhaps ...

Has any politician ever taken Econ 101? If so, did anyone pass? On the Republican side, why don’t they get the idea that mutually advantageous trade leads to lower prices, higher employment and ...

Why do we use words like “natural” in economics? Or what about the word “utility”? The answer can be traced all the way back ...

A new dawn for economic design: reimagining capitalism through the lens of justice and inclusion. Unsplash+ Philosopher John Rawls introduced a provocative thought experiment called the “Veil of ...

In an interview with Time magazine, President Trump explained how he approaches tariffs and trade negotiations. I use the word “explained” with some trepidation because explanations imply a certain ...

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 ...

Whether making everyday choices in the grocery store, contemplating the cost of college or voting in an election, economic thinking can help us analyze the world around us to make more informed ...

Last year, I wrote about how there are four different ways your view of the economy can be informed: hard economic data, soft economic data, the stock market, and your personal biases. The point is ...

Just a week on from Rachel Reeves’s chaotic and poorly received “more of the same” Budget, are you ready for the new paradigm? That is what Green Party leader Zack Polanski is calling his ...

Recall that economic rent is the difference between the price paid during intellectual property protection and that paid after expiry. On a blockbuster biotechnology with annual sales of $1 billion, ...

Forbes contributors publish independent expert analyses and insights. AI researcher working with the UN and others to drive social change. The global economy stands at an inflection point. While ...