The 2025 Nobel prize in Economics honors Mokyr, Aghion, and Howitt for explaining how innovation drives growth—and warns that ...

By honoring Mokyr, Aghion, and Howitt, the Nobel Committee has recognized that the future of growth depends on innovation, ...

But that thinking changed with the emergence of endogenous growth theory, which aims to explain which forces drive innovation ...

How much of an economics school is UChicago? In 2018, John List, a professor in the University of Chicago’s economics department, introduced a new specialization called business economics. The ...

An economic bubble is a time of fast economic expansion that is driven by speculative enthusiasm and excessively high asset prices. A bubble is characterized by an increase in demand for an asset, ...

Andrew Leigh’s The Shortest History of Economics is the latest in a series of such histories, mostly focused on particular countries. It begins with a striking mini-history of household lighting, ...

Instead of quoting a historical figure like Adam Smith, Daniel Kahneman or John Maynard Keynes, legendary investor Warren Buffett believes perhaps the most consequential words on modern economics came ...

The relationship between tariffs and economic prosperity has become a central focus of recent trade policy discussions. Historical evidence and current economic indicators suggest that implementing ...