Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.

The ultimate purpose of economics, of course, is to understand and promote the enhancement of well-being.

Textbooks describe economics as the study of the allocation of scarce resources. That definition may be the 'what,' but it certainly is not the 'why.'

Developments in financial markets can have broad economic effects felt by many outside the markets.

Remember that physical beauty is evolution's way of assuring us that the other person doesn't have too many intestinal parasites.

It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.