Any basic economics class will start with these two words on the blackboard. They are the yin and yang of the market. Whenever one of these two items falls out of balance, it can take a major toll on ...

Paul Solman: On Tuesday, we posted the first transcript from a series of interviews I’ve done with Paul Samuelson over the years. This installment picks up where the last left off, explaining the most ...

Economics is a branch of social science focused on the production, distribution, and consumption of goods and services.

You have no doubt heard the well-worn dictum of Karl Von Clausewitz, the great Prussian military strategist, that war is the extension of politics by other means. Well, the same is true of economic ...

A simple economics principle explains why falling gasoline prices won't make you travel more in 2015. And if you're skeptical, here are some data to back it up. By Maxx Chatsko – Jan 7, 2015 at 9:40AM ...

Financial literacy courses are good, but they are best paired with training in economic reasoning.

Paul Solman: I’ve done numerous interviews with Paul Samuelson over the years. Invariably, he was funny, imaginative and deep. Particularly memorable was a long session on the basics of economics ...