Looking at children’s wellbeing in rich countries like the U.S. in 2007, scholars found that inequality may matter a lot more for kids’ lives than absolute income level.
Water is simultaneously one of the few things we absolutely cannot live without, and one of the things we value least. There's an economic rationale behind that.
In 1985, a writer in Economic and Political Weekly saw the beginning of private hospitals in India and warned of the dangers of their mismanagement.
Even the (presumably rational) economists of the world love to try to predict the future. They often get it wrong, suggesting that all the rational data in the world is rendered useless by the irrationality of human behavior.
Being a fitness instructor isn’t a very highly-paid job, but, researchers found that the job provides other rewards for the people who love it.
Monopoly's real inventor was Lizzie Magie, a progressive Georgist, who believed that land should be collectively owned by all.
As the Middle Ages progressed, monasteries became a major engine of economic activity in European communities.
Back in the 1940s, when America's post-war economic system was taking shape, many popular economists agreed that “free markets” were a fiction.
An early paper by Elizabeth Warren argues for a Financial Product Safety Commission that would regulate financial products.
First Nations' seashell-derived wampum was Massachusetts' first legal currency, used as currency throughout northeastern America into the 19th century.