This article was originally published in the Economic Forces newsletter. Price theory is about supply and demand. Why is the price of good Y equal to $X? Well, it is...

In the Wall Street Journal, Philip Magness, Director of Research and Education at the American Institute for Economic Research (AIER), points out that “An economic downturn is a political problem,...

The Institute for Supply Management’s composite services index increased to 56.7 percent in July, rising 1.4 points from 55.3 percent in the prior month. The index remains above neutral and...

Sales of light vehicles totaled 13.3 million at an annual rate in July, up from a 13.0 million pace in June. The July result was a 2.6 percent increase from...

With the smoke from the recent Recession Definition War still wafting in the air, I want to suggest that America’s economy is in something much worse than recession or even...

There are two ways to conduct monetary policy. One approach consists of giving monetary policymakers the discretion to decide their policy at any time they see fit. The other approach...

Reprinted from the James G. Martin Center for Academic Renewal A reporter who hasn’t dreamt of one day writing for the New York Times is a rare bird. “I’ll start with my...

The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics shows the total number of job openings in the economy decreased to 10.698 million in June,...

Stoat! Look out, the RAF (Really Awesome Field-research) is coming! Photo CC BY-NC 2.0 Stuart Smith, Flickr Stoats, weasels and ferrets: the terrifying trio. If New Zealand’s native birds could...

In this new post, Simon Haberstroh from Freiberg University, Germany, presents his latest work ‘Plant invasion modifies isohydricity in Mediterranean tree species’. He discusses the capacity of plants to regulate...