The Federal Reserve pulled off a "soft landing" in 1994, but if it isn't able to do it again in 2022, we may be in for a bumpy ride. Just like Goldilocks, the Fed tries to keep the U.S. economy "not ...

This paper argues that the generally shared interpretation of what can be labelled 'Smithian Newtonianism' is spurious on two counts. I suggest not only that Smith was not a Newtonian in the sense ...

Equilibrium price is a common economics term that refers to the exact price at which market supply equals market demand. Selling goods and services at the equilibrium price point leads to optimized ...

Proceedings of the National Academy of Sciences of the United States of America, Vol. 13, No. 5 (May 15, 1927), pp. 280-285 (6 pages) ...

What if you could predict your competitor’s next move before they even made it? Game theory gives you the tools to do just that. Have you ever noticed how a new product launched by one brand often ...

Many situations in economics are complicated and competitive. New research raises the question of whether many theories in economics may suffer from the very fundamental problem that the key ...