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Neoclassical economics links supply and demand to the individual consumer's perception of a product's value rather than the cost of its production.
The newly established Center for Heterodox Economics aims to reimagine how we measure economic progress using a more human-centered approach.
The basic message of behavioral economics is that humans are hard-wired to make judgment errors and they need a nudge to make decisions that are in their own best interest.
While some results from behavioral economics are rock solid, other popular results are overturned within a few years. Indeed, most behavioral-economics results are based on research that is too ...
Nick Romeo writes about “The Economy,” a free, online economics textbook, designed for the post-neoliberal age.
Economics and computing A-levels show jump in popularity For the first time, economics was one of the 10 most popular exams this year.
Ecological economics focuses on sustainability and development rather than efficiency and growth. Cities, as home to 70-80% of economic activity, are at the heart of the challenge of being ...
Students will learn about the global financial crisis in a new economics A-level to be taught from September.
“Economics, specifically, is a very white-male-dominated field, and I think it’s important to show why this should not have to be the case,” Shkolnik said.
Behavioral economics uses an understanding of human psychology to account for why people deviate from rational action when they’re making decisions. In the model of rational action assumed by ...
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