For more than a century, neoclassical theory dominated economic thinking. Neoclassical economics is a theory based on three key assumptions: individuals have rational preferences; individuals maximize ...

If you decide to study economics formally, having already read widely around the subject, you'll probably notice something strange about your course. Many of the ideas and influences you'll have come ...

Economics is widely regarded as the queen of the social sciences. A few years ago, in his best selling book The End of History, the American political scientist Francis Fukuyama loosely estimated that ...