Paul Tudor Jones became famous after appearing in the PBS documentary The Trader in 1987 where he anticipated a stock market crash. He used stock index futures to triple his…

Oil supply and demand Even though the United States is the world’s biggest producer of oil it still uses more than it makes requiring imports of oil. The world currently…

With the globalization of world trade, national economies have never been more interrelated which means that when one country slows down it can have a ripple effect across the entire…

In economics, stagflation also known as recession-inflation is a situation in which both the inflation rate is high while the economic growth rate slows at the same time the unemployment…

A Cantillon effect is a change in prices related to one another that was caused due to a change in the money supply, first discovered by Richard Cantillon an 18th-century…

Here are 50 of the best economics books every published based on the list in 50 Economics Classics: Your shortcut to the most important ideas on capitalism, finance, and the global…

Milton Friedman (July 31, 1912-November 16, 2006) was a famous economist and statistician who was awarded the 1976 Nobel Prize in Economics for his research and work on consumption analysis,…

Since we all have limited time, energy and resources every decision we make comes with a trade off. Even procrastinating, making no decision and doing nothing is a trade off…

What is the current national debt? The current national debt in June 2021 for the United States is approximately $28.4 trillion U.S. dollars. This is more than $3.2 trillion from…

Below is a list of the current largest economies in the world in 2021 based on the most recent data available.  Nominal GDP in U.S. Dollars: Measures and compares GDP…