Economics is a field that exists between scientific objectivity and subjective interpretation. Suppose a policymaker is trying to decide whether a proposed new tax is a good idea. One economist might ...

Keynesian economics is a macroeconomic theory that advocates for active government intervention to manage economic cycles, particularly during recessions and depressions. Developed by British ...

Jason Furman is one of the most influential Democratic economists of the past two decades. From 2013 to 2017 he chaired President Barack Obama's Council of Economic Advisers, where he helped shape tax ...

Bonds are in the news — and their fluctuations in yields and price are influencing stocks and the overall economy. But even those who understand what’s going on may have a hard time explaining how ...

Laissez-faire economics advocates for minimal government interference, relying on market forces. Adam Smith's notion of the "invisible hand" underpins this system, promoting self-regulated markets.