Learn how income changes influence consumer spending and business performance. Explore positive and negative impacts of the income effect on normal and inferior goods.

OpEd: Bourbon production decisions made years ago — during a period of booming demand — are colliding with today’s reality.

What if you could predict your competitor’s next move before they even made it? Game theory gives you the tools to do just that. Have you ever noticed how a new product launched by one brand often ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Erika Rasure is globally-recognized as a leading consumer economics subject ...

The 2025 Nobel Prize in Economic Sciences has been awarded to Professor Joel Mokyr (Northwestern University, USA), Professor Philippe Aghion (Collège ...

It’s that time of the year when PBS News Hour invites two of our regular literary critics, Ann Patchett and Maureen Corrigan, to highlight their favorite books of the year. Jeffrey Brown picks up the ...

Taking tiny doses of drugs like psilocybin, LSD, and ayahuasca is gaining popularity. But the benefits are still being investigated. A selection of “magic mushrooms”—fungi containing the psychedelic ...

The Department of Agricultural and Applied Economics has served students, communities, and industry for over 90 years. Our mission spans high-quality undergraduate and graduate education, educational ...

Nic Johnson on Melinda Cooper, Counterrevolution. Neoliberalism as programme to head off the radical potential of the ...

A meta-analysis of 168 studies covering more than 11 million people found no reliable link between economic inequality and well-being or mental health. In other words, living in a place that has large ...

Uniform interregional electricity transfer capability requirements improve reliability of the US grid, but with lower cost and emissions reductions than a cost-optimized, region-specific approach.