When we try to understand the current economy, we often default to thinking about its institutions and actors. How is the AIG mess threatening other actors on the economic stage? Is Tim Geithner ...

Economics merges psychology, politics, law, and business for a global view of decision-making. Microeconomics focuses on individual choices, while macroeconomics examines whole economies.

Professor LORI LEACHMAN (Economics, Duke University): One of the things they know is right now the economy is very uncertain, and we've already seen that consumers are starting to pull back on ...

Discover what rent seeking is in economics, its implications, and see examples of how entities gain wealth without societal ...