In much of the developing world big firms are rare. The typical firm consists of a single worker—the owner. Even among those ...

If there's one part of foreign policy where President Donald Trump has been consistent, it's economic sanctions on Iran. During his first presidency, Trump imposed what the State Department called a ...

Discover four key economic concepts: scarcity, supply and demand, costs and benefits, and incentives. Learn how they affect consumer choices and financial decisions.

With his move to impose new global tariffs, US President Donald Trump isn’t just trying to repair a trade policy dismantled by a Supreme Court rebuke. He’s also declaring the world’s largest economy ...

I remember my professor of economic history David S. Landes often talking about Joel Mokyr, who won the Nobel Prize in economics earlier this month. They must have been good friends. Professor Landes ...

It has been especially difficult to get a read on the current state of this economy, ever since the government shutdown started last week and agencies in Washington stopped delivering economic data.

Economists have missed big turns before, yet their forecasts still guide budgets, markets, and policy. Governments and investors want direction as they plan for the next year. With inflation receding ...

Between August and October 1943 American warplanes repeatedly bombed Schweinfurt, in southern Germany. The Bavarian town did not host army HQs or a major garrison. But it produced half of the Third ...