Economist Ha-Joon Chang explains how alternative approaches to economics can help us understand the whole economy in ways we would miss if only looking through the Neoclassical lens LYNN FRIES, TRNN: ...

Our current economic system is based on poor science and should not be used to guide government decision-making when faced with threats to existence like climate change. That's the conclusion of a new ...

For more than a century, neoclassical theory dominated economic thinking. Neoclassical economics is a theory based on three key assumptions: individuals have rational preferences; individuals maximize ...

An introductory understanding of economics may be a dangerous commodity, writes Christopher Hayes, a senior editor at the magazine. He bases this argument on a recent reporting assignment in which he ...

“We have it in our power to begin the world over again,” Thomas Paine wrote in 1776. Unfortunately, we also have it in our power to kill the planet. Which one will we choose? Our choice depends on our ...

Since Marshall wrote those words a century ago, however, there has been surprisingly little integration between economics and other life sciences. Instead economics has continued to model itself after ...

The reason the city should seriously consider Cary Moon is it has never had a mayor who really understands economics. And already I must make a few things clear before explaining why this is of great ...