Monopsony The inverse of a monopoly, monopsony occurs when a market has a single buyer. Lack of competition from other buyers means the monopsonist can influence prices or other terms of exchange ...

Narrator: We’re in the era of generative AI. While many workers are rushing to use AI tools to schedule their work week, rewrite emails, and edit their cover letters, a significant number have not yet ...

The long-term societal cost of greenhouse gas emissions exceeds the total market value of the corporate sector.

Knowledge may be power, but information can also be overwhelming. Decision-makers often have access to so much potentially relevant data that they must choose what to ignore. Economists call this ...

As catastrophic wildfires, hurricanes, and floods roil the planet, investors are increasingly interested in portfolios to hedge the risks associated with climate change. A research team including ...

How Quantitative Easing Actually Works A favored Fed tool in times of stress meaningfully cuts the cost of private debt. By Neil Weinberg February 20, 2025 CBR - Monetary Policy Share This Page ...

Institutions help explain uneven development between countries.Why are some countries rich and others poor? It’s among the most important questions in economics—in all the social sciences—and one at ...

During the fierce congressional debates that led to the passage of the 2017 Tax Cuts and Jobs Act, advocates and opponents of the proposal agreed on one thing: The once-in-a-generation bill, under the ...

If you’re not sure quite how to peg the economy these days, you have plenty of company among many middle-class Americans working to get ahead. On one hand, jobs are plentiful and growth is solid. On ...

In the days following Donald Trump’s reelection, we, like millions of others, spent a fair amount of time reading articles recapping the political earthquake we’re living through. Trump won every ...

For decades, college has been seen by many in the US as the ticket to upward mobility. But it’s hard to separate the value added by college from the outcomes students would have experienced without it ...

Drug price caps are meant to bring an array of benefits for patients and healthcare systems—improved access to essential and life-saving medicines, better public health outcomes, and reduced financial ...