Discover how economists' assumptions shape economic models, affecting predictions about consumer behavior, resource ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

I think that one of the most important misunderstandings about economic and political matters is not understanding the economic assumptions of abundance vs. scarcity. As an economics major in ...

As students walk into their first ECO 100: Introduction to Microeconomics lecture at Princeton, they are unknowingly stepping into a classroom where economic theory trumps economic reality. The tenor ...