California is a desirable place to live, regardless of its politics. Primarily it’s the comfortable climate made better by sucking the Colorado River dry. This is demand. On the supply side, there is ...

Paul Solman: On Tuesday, we posted the first transcript from a series of interviews I’ve done with Paul Samuelson over the years. This installment picks up where the last left off, explaining the most ...

Given Rachel Reeves lamentable performance as Chancellor to date, she is in dire need of a reminder of the basics of economics and taxation. At its simplest, when circumstances change, people change ...

Any basic economics class will start with these two words on the blackboard. They are the yin and yang of the market. Whenever one of these two items falls out of balance, it can take a major toll on ...

In his latest book, Economism: Bad Economics and the Rise of Inequality, former technology executive and current University of Connecticut business law professor James Kwak argues that the lessons of ...

The conventional view at Davos is that a previous consensus in favor of free enterprise has taken a huge beating from the Great Crash of 2008-2009. What is much less known is that many economists are ...

If you are a Wall Street master of the universe or a billionaire hedge fund manager, you face the same challenge as the aristocrats and industrialists of the past: How do you justify the vast economic ...

James Kwak is the latest to take up the point that Economics 101 isn't all that good as a basis for designing public policy. To which the answer is, well, yes, of course. Why is anyone in the least ...

Paul Solman: I’ve done numerous interviews with Paul Samuelson over the years. Invariably, he was funny, imaginative and deep. Particularly memorable was a long session on the basics of economics ...