Self-interest describes actions that are intended to result in personal gain. It comes with both pros and cons.

Discover the evolution of economics from ancient times to modern theories that influence global markets, including Adam Smith and Keynesian approaches.

Dan Ariely, professor of business administration in the Fuqua School of Business and Duke alum, had a longstanding relationship with Jeffrey Epstein over the course of at least six years, per newly ...

Behavioral economics, like “lived experience,” existed long before anyone thought a special and seemingly redundant name was required. To Adam Smith, economics was made of human behavior in all its ...

A conceptual artwork titled “Comedian” sold at auction last November for just over $6 million. The piece consisted of a banana duct-taped to the wall, along with installation instructions and a ...

Why doesn't a rising tide raise all or most boats? That is: how does wealth manage to get "sequestered" with the wealthiest? [In theory], they don't put it in big money rooms like Scrooge McDuck: they ...

As the column’s name suggests, Thaler set out to challenge standard economic thinking by testing economic anomalies—in other words, what happens when our irrational, some might say human, selves are ...

It is a bit difficult to say what criteria should be used to judge the success or failure of a research initiative on the scale of merging psychology and economics. Two reasonable criteria, at least ...

The 2025 Sveriges Riksbank Prize for Economic Sciences in Memory of Alfred Nobel has been awarded to three researchers who have shown how technological and scientific innovation, coupled to market ...

A Northwestern University professor has been awarded the Nobel Prize in Economic Sciences for his historical studies on sustained economic growth through technological progress. Joel Mokyr, who has ...

Even in an era where a number of savings accounts pay upwards of 4%, Americans aren’t saving enough. While pros recommend having at least three to six months of essential expenses socked away in a ...