image: When electricity was introduced in the 1880s, not everyone immediately switched from candles to lightbulbs, but there was a rapid shift in subsequent years. The same is true for artificial ...

The rain was heavy for parts of last weekend in the Washington, D.C. area. Seeing it coming down in sheets, it got me thinking about how people used to live. How awful it must have been in the days of ...

In good times and bad, colleges cite economic trends to justify their decisions. But do colleges operate with an understanding of economics? Sandy Baum, a nonresident senior fellow at the Center on ...

On June 3, AEI hosted former Senator Phil Gramm and George Mason University’s Donald J. Boudreaux for a discussion with AEI President Robert Doar on the authors’ new book, The Triumph of Economic ...

Opinion polls show that Americans want humane policies and politics. To this end, two recent books from Monthly Review Press on heterodox economics shed light on injuries of social class and ...

“Economics is a study of mankind in the ordinary business of life.” So starts Alfred Marshall’s “Principles of Economics”, a 19th-century textbook that helped create the common language economists ...

Herman Daly wrote the forward to my new book "The Progress Illusion" (Island Press, 2022). We also co-authored a workbook in ecological economics, also published by Island Press. Herman Daly had a ...

Using literature to enliven economics. When economists read literature or watch movies or television, we sometimes come across passages that illustrate economic principles. (We also come across ...

Paul Mattick, Business As Usual: The Economic Crisis and the Failure of Capitalism. London: Reaktion Books, 2011. David McNally, Global Slump: The Economics and Politics of Crisis and Resistance.