All economies must answer basic questions like what goods and services to produce, how to produce these goods and services, and how to distribute the goods and services – using their scarce resources.

Financial literacy deserves more attention in our schools, but not at the expense of economics, and not as a substitute for it (“Students Prepare for Real World With Personal Finance Classes,” ...

Hoover Fellow and author Thomas Sowell on his fifth edition of "Basic Economics: A common sense guide to the economy." Sowell explains his research and perspectives on inequality, immigration, and ...

While politicians squabble over the pros and cons of price controls on prescription drugs, onlooking citizens are often left scratching their heads. Many of today's economic issues are obscured by ...