Editor’s note: The next president is in for a rough welcome to the Oval Office given the list of immediate crises and slow-burning policy challenges, both foreign and domestic. What should Washington ...

Welfare economics examines the allocation of resources and its impact on individual and social well‐being. Rooted in classical notions of Pareto efficiency, the field has evolved to encompass a broad ...

A new study by Henrik Kleven, a Princeton economist, concluded that the earned income tax credit (EITC) has done little to induce employment increases among single mothers, attributing the large ...

Seriously. How are you feeling about your economic situation? Because the unemployment rate is still near generational lows, inflation is down to 3.2%, and gross domestic product, or GDP, grew at a ...

Current issues are now on the Chicago Journals website. Read the latest issue.One of the oldest and most prestigious journals in economics, the Journal of Political Economy (JPE) presents significant ...

As the government’s overall budget is in deficit (to the tune of around 4.5% of national income in 2025/26), it is true that ...

Humans care about animals, and many would argue that animals are morally relevant. Many of our decisions profoundly affect the welfare of animals and yet welfare economics has not, up to this point, ...