Modern Monetary Theory is a post-Keynesian heterodox theory postulating that an economy holding a sovereign currency can never run out of…

Two paradoxes — that of value and choice — in economic and psychological decision-making are quite different yet similar. At the…

This explainer expands on the labor demand and supply in a monopsonistic labor market, exploring the effect of collective bargaining by…

Human capital accumulation is equally essential to the production process in an economy, as is physical capital formation. The article…

Market power, often calculated by the Herfindahl-Hirschman Index, has increased, within several industries, with the advent of…

Although sugary beverages, alcohol, and tobacco products negatively affect health, imposing a tax on these commodities seems arduous for…

Economics, and other related social science, have undergone a systematic evolution of randomized experimentation and econometric practices…

The article delves into the significance, usage, and criticisms of the input-output model in economics, state planning, and the…

A low development or a developing country aims to reduce its poverty levels by targetting policies to benefit the needy. To adequately do…