If there is one consistent theme in President Trump’s economic philosophy, it is that trade deficits are bad for the country and must be eliminated. This is the principal motivation for his recent ...

Economics is a broad social science that studies factors that drive the supply and demand of limited resources. Economic resources are commonly defined as land, labor and capital. Two basic types of ...

Economics has always had something of a problem defining itself. One economist, Jacob Viner, even offered the explanation that, “Economics is what economists do.” Viner’s smarty-pants explanation was ...

Question: How do you approach teaching microeconomics? Answer: Supply and demand are at the heart of how market economies work. When teaching microeconomics to introductory students, it is important ...