In physics, one of the attempts to solve the fact that the mathematics that explains the behavior of macro-phenomena is incompatible with that which explains micro-phenomena is called string theory.

Regarding “Javier Milei’s Gift for Pope Leo” (Inside View, June 16): Andy Kessler’s brilliant explication of the value of free markets neglects to explore the most important outcome of them, ...

Let me talk a bit about Sims contributions to economics, and if I have time I'll try to cover Sargent later. Prior to Sims work, in particular his paper "Macroeconomics and Reality," the state of the ...

Behavioral Economics is the application of psychology to the field of economics. It describes the role that psychology plays among consumers, employers, and governments, which then impacts markets and ...