The revolution that’s been happening in financial services is right in your pocket: the phone that you pull out when the check arrives after a restaurant dinner with friends. Until relatively recently ...

Monopsony The inverse of a monopoly, monopsony occurs when a market has a single buyer. Lack of competition from other buyers means the monopsonist can influence prices or other terms of exchange ...

The long-term societal cost of greenhouse gas emissions exceeds the total market value of the corporate sector.

Knowledge may be power, but information can also be overwhelming. Decision-makers often have access to so much potentially relevant data that they must choose what to ignore. Economists call this ...

As catastrophic wildfires, hurricanes, and floods roil the planet, investors are increasingly interested in portfolios to hedge the risks associated with climate change. A research team including ...

Institutions help explain uneven development between countries.Why are some countries rich and others poor? It’s among the most important questions in economics—in all the social sciences—and one at ...

If you’re not sure quite how to peg the economy these days, you have plenty of company among many middle-class Americans working to get ahead. On one hand, jobs are plentiful and growth is solid. On ...

US vice president Kamala Harris took on price gouging as a significant part of her presidential campaign’s economic policy platform, promising if elected to call for “the first-ever federal ban on ...

For decades, college has been seen by many in the US as the ticket to upward mobility. But it’s hard to separate the value added by college from the outcomes students would have experienced without it ...

To appreciate the edge that artificial intelligence can bring to the financial markets, it’s worth understanding how fast the technological landscape has changed for investors. It has been propelled ...

The data-analysis revolution that turned words into analyzable data continues to progress. Now models are turning images, audio, and visual files into data as well. Large language models can capture ...

The researchers analyzed how the TCJA’s business tax provisions have performed, with an eye to proposing adjustments that would raise the revenue needed to tame run-away deficits and fund priorities ...