Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Specialization and trade are the key to economic prosperity argues Arnold Kling in an important new book, Specialization and Trade: A Re-Introduction to Economics. Kling has important insights about ...

Why are most economists more in favor of free trade than the general public? One reason may be that the models economists use to evaluate the impact of global trade often overlook some significant ...

Economists use game theory to model conflict and cooperation by at least two rational decision-makers where there is strategic behavior by the players who understand that their actions affect the ...

In the last lecture, we discussed three of four kinds of behavior that can be called economic behavior: production, consumption and exchange. We'll turn our attention to the fourth -- specialization.