Discover exceptions to the law of demand, like Giffen and Veblen goods, and understand why they don't disprove core economic principles.

A Veblen good is a product that challenges conventional economic theory. Normally, when the price of something increases, demand tends to drop. But for Veblen goods, the opposite occurs — demand ...

What do these phrases mean? If you don’t know, there’s a decent chance you’re spending money foolishly. Android’s Law A CNNMoney post explains that the popularity of Android, Google’s free open-source ...

In an era defined by economic uncertainty, one truth remains remarkably consistent: People still want what signals value, status, and meaning, sometimes because it costs more.