Learn about market failure in economics, where supply and demand imbalances lead to inefficient distribution, its types, and ...
The U.S. should adopt a temporary, rules-based program of price subsidies for small and medium-sized businesses to help ...
There is a version of GDP that is never calculated — the one that could have existed if time had been allowed to ...
MANILA, Philippines — The country’s economy in the second half of last year should not have suffered even amid the sweeping investigation over the flood control mess had government officials not been ...
Progressives sell state intervention into economic affairs as “protecting” consumers and workers. In all cases, free markets do a better job of protecting all ...
In recent years, China’s economy has moved away from the high-speed growth trajectory that once defined it, entering instead ...
Essig Aberg, Simon, and Brian Baisa. "Quantifying the Inefficiency of Multi-unit Auctions for Normal Goods." Art. 106094. Journal of Economic Theory 230 (December 2025).