Learn what a price taker is, see examples in competitive markets like grain and oil, and understand how they differ from price makers in economics.

Decision theory is a cornerstone of economic analysis, providing a framework for understanding how individuals and institutions make choices under conditions of uncertainty and risk. At its core, the ...

Ehud Kalai is a prominent American game theorist and mathematical economist known for his contributions to game theory and its interface with economics, social choice, computer science and operations ...

Discover what rent seeking is in economics, its implications, and see examples of how entities gain wealth without societal ...

Putting moral insight back into economics enhances understanding of political outcomes For much of the 20th century, the disciplines of moral psychology and economics were seen as distinct—each ...

Earlier this week I had the great fortune of participating in a Santa Fe Institute workshop on The Calculated Economy in the Era of Machine Learning. The workshop’s broad frame was exploring how AI ...

Bird flu has led to an egg shortage in the US. This has affected consumer behavior. This situation has led panic buying and significant shortages across the country. Virginia Tech economist Jadrian ...

CNBC's Jim Cramer said Monday that investor sentiment has gotten too negative but could improve if President Donald Trump clarifies his tariff policies. Measures like inflation and unemployment have ...