For their work on auctions and 'the winner's curse', Stanford neigbhours Paul Milgrom and Robert Wilson have won the 2020 Nobel Prize for economics.
Realizing that economics is a lot like fiction helps us better evaluate the claims economists make about the world we all live in.
The 2020 budget explained in 7 charts: the major cuts and spends, the new tax rates, and that almighty debt.
The government wants consumers to spend, spend, spend: the question is whether they will feel confident to do so.
The government has brought forward planned future tax cuts. And while some say we shouldn't be cutting taxes during a recession, the plan has its merits.
Assuming jobs will grow as JobKeeper is wound back is a leap of faith.
The federal budget is set to deliver faster tax cuts and cash for pensioners amid a Herculean push to create more jobs.
With their different but equally conservative income tax policies, both Labour and National ask voters to consider their own appetite for risk.
While those on the left, right and middle worry about the federal deficit, the real world that we live in is in trouble. The fiscal prudes are fretting about the wrong issues.
This celebrated research gives governments a reason to give climate change a low priority, but is based on spurious empirical data.
Slow, unreliable labor force data have consequences for out-of-work Americans and the economy.
In the event of a new pandemic or a second wave of COVID-19, lives can be saved while also stabilizing business. It's not an either/or decision.
Weeks, an Emeritus Professor of Economics at the School or Oriental and African Studies, had a long and distinguished career.
Despite a lighter lockdown, Sweden hasn’t avoided the damaging economic disruption experienced elsewhere.
GDP figures hide the deep inequalities that our economic system produces.
By 2022 the government will probably have spent half a trillion, but it will be value for money.
If anyone had told the Coalition when it was elected in 2013 that it would be presiding over such a debt level, let alone arguing its virtues, they'd have been laughed out of court...
The economy will be in the doldrums for quite some time, but the budget can cope.
The forecasts in the governments economic statement are "best case". They assume no further outbreaks of coronavirus.
As state and local governments lure businesses to their shores with financial incentives, a recent study finds that two forms of stimulus spur growth more than others.