Discover four key economic concepts: scarcity, supply and demand, costs and benefits, and incentives. Learn how they affect consumer choices and financial decisions.

Paul Solman: On Tuesday, we posted the first transcript from a series of interviews I’ve done with Paul Samuelson over the years. This installment picks up where the last left off, explaining the most ...

Hoover Fellow and author Thomas Sowell on his fifth edition of "Basic Economics: A common sense guide to the economy." Sowell explains his research and perspectives on inequality, immigration, and ...