Contracts have governed the workings of the economy since ancient times. Contract theory is about ensuring they have the right incentives.
Two US-based professors who improved our understanding of how contract theory works have won the 2016 award.
The World Bank risks looking hypocritical and becoming redundant if it doesn't improve its own management.
Interest rates remain unchanged in Australia this week, reflecting an economic holding pattern around the world, as the US presidential election carries on.
The closure of the car manufacturing plants in Australia is a sad loss of knowledge and jobs that will be difficult to replace.
In the battle against slow economic growth, perhaps the government and Reserve Bank should try doing nothing and let the economy restore itself.
Most economists argued against Brexit, predicting dire consequences if the UK voted to leave the EU. Here's why bets are still on to see if they were right.
The Bank of Japan is trying yet another measure to fight deflation but the economy shows no signs of responding.
The report not only reveals soaring incomes and falling poverty, it also confirms the gender pay gap has shrunk to a new record low.
Historical data for Australia shows young people have fared better than their global counterparts in terms of economic opportunity but this masks a growing disparity among youth.
Economics struggles to explain the explosion of gift models at the heart of our online economy.
The idea that we make rational choices is the basis for how businesses and governments make their plans. But psychologists have been asking some awkward questions.
New research shows that ideological media employ a powerful method to bias partisans' economic beliefs. In turn, partisans perform mental gymnastics worthy of Simone Biles to preserve those biases.
Many politicians in the West – from backers of Brexit to Donald Trump – have convinced voters that immigrants are hurting their economies. The evidence suggests otherwise.
Trump revisited familiar themes during his economic address in Detroit and offered a few new ones. Two of our economic experts express their takeaways.
South Africa's struggling economy may have played a big role in determining the outcome of the 2016 local government elections, but the future direction of economic policy remains uncertain.
The new forms of protest in Zimbabwe raise the possibility that the country's long-simmering crisis may have reached boiling point. The time could indeed be ripe for a unique form of politics.
Britain's central bank governor Mark Carney is like a prize fighter throwing his last, limp punches.
New York's Met just announced more job cuts to balance its books as the shifting tastes and demographics make it harder to make a museum's ends meet.
Establishing a national minimum wage in South Africa will benefit the country by addressing working poverty and high levels of inequality.