Noted Economist, Gary Becker, in his article, Crime and Punishment suggests that “a useful theory of criminal behaviour can dispense with special theories of anomie, psychological inadequacies ...

Radical in its time, the Becker Model has stood as an authoritative theory on crime since it was published. Becker was also the first economist to apply economic models to non-market social structures ...

The Curious Case of Economic Theory Once central to the field, it has slipped in prestige.

Currently the most underrated theory in economics is the so-called Quantity Theory of Money. It has been out of fashion for a long time, and even Federal Reserve Chair Jerome Powell has said that ...

This article explores the Austrian theory of money, the core beliefs of Austrian economics, the contributions of the school’s most prominent figures, and six key lessons from the Austrian School.

Keynes the master Keynesian economics gets its name, theories, and principles from British economist John Maynard Keynes (1883–1946), who is regarded as the founder of modern macroeconomics. His most ...

Keynesian economics is a theory that government intervention is needed to stimulate demand and stabilize the economy, particularly during recessions.

Becker’s model—which suggests individuals behave rationally, making decisions by weighing potential gains against risks—is particularly relevant in understanding crime dynamics. This theory ...