"Perhaps of greatest concern for China is the software used in advanced manufacturing – Western companies control over 70% of ...

An economic shock, also known as a macroeconomic shock, is any unexpected event that has a large-scale, unexpected impact on the economy. Many, but not all, economists also say that a shock has to be ...

Learn how economic equilibrium balances market forces, the different types of equilibrium, and its applications in real-world ...

Christina Majaski writes and edits finance, credit cards, and travel content. She has 14+ years of experience with print and digital publications. Robert Kelly is managing director of XTS Energy LLC, ...

Traditional metrics like the Gini Index and U-3 unemployment rate understate true economic inequality and labor market ...

Increasing defence spending to 5% of GDP would give Canada’s R&D and manufacturing sectors the jolt they sorely need ...

Forbes contributors publish independent expert analyses and insights. Economics professor and wearer of many hats. Economics: it’s the study of human action and its unintended consequences, and I ...

The Federal Reserve on Friday released examples of the so-called fan charts that will be produced for Fed officials’ economic projections. A notice from the Fed said the fan charts would be included ...

Reviewed by Robert C. KellyFact checked by Yarilet PerezReviewed by Robert C. KellyFact checked by Yarilet Perez Arrow's impossibility theorem is a social-choice paradox illustrating the flaws of ...

The year unexpectedly became an experiment in emergency powers and unemployment insurance benefits. It remains to be seen how kindly history will look back on the pandemic-related lockdowns and ...

A heretical idea has entered the national discourse: Maybe some other nations handle their economies better than we do. The June 9 issue of Bloomberg BusinessWeek included the article “Fixing ...

Joel Mokyr, Philippe Aghion and Peter Howitt won the prize for showing how “society must keep an eye on the factors that ...