When the architecture of decision making shifts, the entire economic system shifts with it. Retail’s evolution over the past ...

Today’s debates about economic policy often center on national prosperity. A stimulus bill will jumpstart the nation’s economy. Infrastructure investments will boost the gross domestic product. Tax ...

Discover how Keynesian economics can stabilize economies by mitigating boom-bust cycles, as pioneered by John Maynard Keynes ...

I read “Searching for Capitalism in the Wreckage of Globalization” with more frustration than surprise. Oren Cass’s argument consists, roughly speaking, of two parts. The substance of both parts ...

Adam Smith, the father of modern economics, stressed knowing oneself. This insight helps individuals observe their reactions ...

With inflation at 7%, the highest rate since 1982, and the Federal Reserve set to tighten monetary policy, you would think the president and Congress would be looking for ways to end the spending ...

Next City is a nonprofit news organization that believes journalists have the power to amplify solutions and spread workable ideas from one city to the next city. Our mission is to inspire greater ...

Despite James Mackintosh’s suggestion in “Streetwise: Modern Monetary Theory Isn’t Coming in the Future. It’s Here Now” (Markets, Nov. 22), MMT remains a niche theory endorsed by only a small but ...

The Austrian school of economics is a school of economic thought that emphasizes the importance of individual human action and free markets in economic decision-making. It has its origins in late 19th ...