Discover how endogenous growth theory explains economic growth from within through innovation, human capital, and internal factors, impacting nations' prosperity.

New York’s mayor-elect believes he can implement socialist policies through sheer rhetoric, as though mere words can make socialism work. However, economics involves real things and reality will hit ...

The government left its basic view on the domestic economy unchanged for the second consecutive month, in a monthly report released Wednesday. In its report for November, the Cabinet Office said, "The ...

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Trump revived the “G2” term ahead of a summit with Xi Jinping. The concept implies U.S. and China as global peers, raising ally concerns. China welcomed the idea, framing it as recognition of a ...

Ticket prices will remain high until fans stop paying them. The new album by indie darlings Geese sounds like a bag of squirrels being thrown down a laundry chute, which fully explains why the ...

Comedy Central host Jon Stewart explained the impact subsidies have on prices to independent Sen. Bernie Sanders of Vermont during a Monday appearance on “The Daily Show” while discussing the ...

Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel memorial prize in economics Monday for their research into the impact of innovation on economic growth and how new technologies replace older ...

The U.S. government has begun using blockchains to disseminate key economic data, starting with the U.S. Department of Commerce's release of gross-domestic product (GDP) numbers on Thursday, which was ...

In India, the tax system is a cornerstone of the country’s economic infrastructure. Taxes help the government generate the revenue required to fund public goods and services such as education, ...

Economic depressions are severe recessions lasting many years with over 10% annual GDP decline. Depressions cause global impacts like massive unemployment and business failures. The US experienced one ...