Macroeconomics studies an overall economy or market system, its behaviors, the factors that drive it, and how to improve its performance.

In his review of our book Animal Spirits (“Shorting Reason”; April 15, 2009), Richard Posner questions the book’s basic premise, which is that we cannot understand the current economic crisis without ...

This is a preview. Log in through your library . Journal Information Economic Theory provides an outlet for research in all areas of economics based on rigorous theoretical reasoning and on topics in ...

Discover John Stuart Mill's impact on philosophy and economics. Explore his advocacy for utilitarianism, individual rights, and progressive social policies.

Modern rent theory evolved considerably from rent's classical definition as an unearned increment and rests today on the classical footing that part of rent enters price. Rent on marginal land arising ...

Understanding economies in times of crises? Modern macroeconomics failed so far. Researchers are now proposing a novel method that makes the effects of shocks on out-of-equilibrium economies ...