On June 25, 1867, Lucien B. Smith of Ohio received the first patent for barbed wire. Within a few decades, barbed wire transformed the American West.
Nearly half the population in the Middle East is under 25 years old, and their unemployment rate hovers at a staggering 30%.
Should you be able to buy your way to citizenship? Economic research reveals some merits behind the idea, but others see classism and discrimination.
Historically speaking, we are living in unusually peaceful times. But does peacetime mean bad things for the economy, which is often boosted by war?
May Day has traditionally focused on labor and working class issues. Immigration and immigrant labor adds a new dimension to the holiday.
The "gig economy" benefits startups and tech companies, but it may be unsustainable, and unethical for the economy, and workers, at large.
Saudi Arabia’s King Abdullah visits China this month, marking China’s increasing involvement in the Middle East. China has long had a Muslim minority group.
The United States' calling card is its strong military. What role does military spending play in the federal budget? And is more always better?
While the U.S. opens industries to market competition at home and abroad, we give our agricultural producers a lot of protection, including big subsidies.
How did deregulation, and related ideas about how to run the economy, become so central to American politics? Look to Reagan for the answer.