The single biggest reason the oil price crashed: inelasticity.If you have to stay home because of the coronavirus, you're not going to drive more - no matter how cheap gasoline gets.Source: https://t.co/GOttVMyAaT pic.twitter.com/PxcEPWky0V— Economics in Bricks (@econinbricks) April 20, 2020

A trip to a country where the fiction that is money completely fell apart.

Venezuela has just about every economic advantage a country could ask for: fertile land, good climate, educated population, and oil, lots and lots of oil. So how did it go so wrong?

Wherever I go these days, at home or abroad, people ask me the same question: what is happening in the American political system? How has a…

WE THE ECONOMY 20 Short Films You Can’t Afford to Miss, watch online at www.wetheeconomy.com #wetheeconomy

Answer (1 of 176): 1. There is no such thing as a free lunch. Every decision has an opportunity cost either in terms of money, effort or time. 2. The lower the opportunity cost of an item, the more you will consume it. Conversely, the higher the opportunity cost, the less you will consume it. If...

The story of a 24-year-old kid and the idea he thought would reduce congestion, cut greenhouse gasses and make urban life easier for everyone. Instead, it brought him nothing but trouble.

Price volatility – and an industry that exploits it.

In Jesus' parable of the day laborers on the vineyard, we encounter two competing views of what constitutes just compensation, one determined by 'fairness' and the other by need. In its commitment to…

The world is full of people talking about how right they are. Today on the show, we try something different: We talk to smart, thoughtful people about times they got things really, really wrong. For more: http://n.pr/1lfnG0Y

Free Technology for Teachers

The Census Bureau introduced its first mobile app to give economists, policy makers and citizens greater access to real-time data on the health of the nation’s economy.

"Mankiw's 10 principles of economics, translated for the uninitiated", by Yoram Bauman, http://www.standupeconomist.com . Presented at the AAAS humor session...

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

In this RSA Animate, celebrated academic David Harvey looks beyond capitalism towards a new social order. Can we find a more responsible, just, and humane ec...

The tax-cut compromise and rising corporate profits and consumer spending are some of the reasons for optimism.

The increase was the second-largest in PNC Wealth Management’s Christmas Price Index since it was started.

Cubans will be allowed to work for themselves in 178 activities in the private sector and even hire employees, according to guidelines published Friday as the communist government moves quickly to shed half a million state jobs and provide alternatives for workers.