The contemporary debate over the future of natural resources features two competing theories of economics. The view that dominates all economic policy and theory today is rooted in the work of Adam ...

In 2009, Indiana University political science professor Elinor Ostrom became the first woman to win the prize. She received it "for her analysis of economic governance, especially the commons." Ostrom ...

Partha Gangopadhyay does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations ...

Explore how political economy examines the impacts of economic theories, like capitalism, on real-world interactions and policies globally.

The competing theory, associated with the mid-20th century English economist John Maynard Keynes, argues that market economic activities are not inherently benign and can even be downright dangerous.

It is easy to take potshots at the field of economics today, whether motivated by the financial crisis or the fact that Nobel laureates, such as economist and New York Times columnist Paul Krugman, ...

Economic theory allows individuals to study the monetary effects of social and government policies. Nations are built upon several economic principles. Minimum wage is a common economic principle ...

Editor’s Note: This is Part 1 of a two-part series on how mistaken assumptions by top U.S. policymakers have worsened the financial crisis. It has been three years since the worst financial collapse ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Eric's career includes extensive work in ...

Add Yahoo as a preferred source to see more of our stories on Google. One evening in December, after a long day working from home, Jennifer Drouin, 30, headed out to buy groceries in central Amsterdam ...

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