Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...

Applied economics relates the conclusions drawn from economic theories and empirical studies to real-world situations. The purpose of applied economics is to improve the quality of practice in ...

Behavioral economic theories are used to explain most everyday decisions, such as what people buy, how they manage their finances, and whether or not they make healthy lifestyle choices.

a theory popularised and developed by Richard Thaler, the University of Chicago economist who was today announced as this year's recipient of the Nobel Prize for Economics. Prof Thaler's central ...

In almost all cases, I have no more insight into the election than any average American citizen, but given my role as a business economist, there's at least one conspiracy theory I feel the need ...

We’re not talking about cash flow here; we’re talking about economic theories. In many ways, marriage is like a business arrangement. Think about it: Two people get a license, make an ...

Monetarism is the theory that the proper control of a country's monetary supply is the primary determinant of that country's economic health and stability. Monetarism is based on the quantity ...

Prof Thaler is a pioneer of "nudge theory" about how people make bad decisions US economist Richard Thaler, one of the founding fathers of behavioural economics, has won this year's Nobel Prize ...

Prospect theory and other work by Tversky and Kahneman continues to inform many areas of behavioral economics research today. What role have Richard Thaler and behavioral economists at the University ...