We live in a world of broken models. To understand why world leaders can't easily fix the global economy, you have to realize that the economic models on which the United States, Europe and China ...

Game theory frames human behavior as cold, selfish, and predictable—but as this video explains, that’s because economists baked selfishness into the model from the start. Using the classic Prisoner’s ...

The discussion around improving access to higher education —specifically due to the decades-long price increase of a four-year degree — is typically framed as whether or not college should be free.

WEST LAFAYETTE, Ind. - Using models that blend global economics, geography, ecology and environmental sciences is essential to understanding how changes in trade and natural systems in one part of the ...

Climate change is a major economic threat. With a new model, economist Andrea Titton shows how climate disasters can disrupt supply chains, how climate tipping points may cost trillions each year, and ...

After the global financial crisis of 2008, Hungary’s Fidesz government was one of the first to adopt a partially heterodox, ...

Economic Model Predictive Control (EMPC) represents an evolution of traditional control strategies, where the primary objective is to directly optimise an economic cost function rather than merely ...

The Trump administration made some bold claims about the 2017 Tax Cuts and Jobs Act, which slashed the corporate-tax rate. Larry Kudlow, the head of the former president’s National Economic Council, ...

This article appears in the April 2023 issue of The American Prospect magazine. Subscribe here. Americans have been hammered for decades with an economic message that amounts to this: When wealthy ...

LONDON - OCTOBER 07: In this photo illustration, a man looks at a graph representing the 12 month decline of the FTSE 100 share index on October 7, 2008 in London. Financial markets are still ...

For the rest of the decade and beyond, growth in the state may not come as easily as it once did. Texas went into the COVID-19 crisis a leader among states in economic growth and job creation. The ...