John Kenneth Galbraith, the much-feted economist, once said that the only function of economic forecasting is to make ...

We should have learned the painful lesson by now: Genuine, inclusive, and sustainable economic development is only possible when a nation is governed well. We should no longer be fooled into thinking ...

Last week in my Principles course, we discussed the economic functions of government. Most textbooks will list about a half dozen of these, and it's always fun to talk about them in class. It's a ...

Kenneth Arrow, the grand old man of economics, died last month in Palo Alto, California at the age of 95. He received the Nobel Prize for Economic Sciences in 1971 at the age of 51, the youngest ever ...