The tax overhaul bill before Congress has a professed rationale that rests on economic theory. As neuroscientists who study decision making, we would like to raise a very serious objection to this ...

In 1867, Europe’s intellectual elite was captivated by Marx’s Das Kapital. Meanwhile, no one had heard of 31-year-old Carl Menger, a modest Austrian bureaucrat. But when his work appeared in 1871, it ...

Come any Budget (or crisis), the discussion veers towards favouring and opposing Keynesian stimulus, multipliers, and animal ...

The study of the History of Economic Thought traces the evolution of economic ideas across centuries, from classical analyses of market dynamics and moral philosophy to contemporary methodological ...

Decision theory is a cornerstone of economic analysis, providing a framework for understanding how individuals and institutions make choices under conditions of uncertainty and risk. At its core, the ...