As part of a survey of policy makers and policy advisers in 2002 I asked, “What are the strengths of economists (relative to other disciplines)

As part of a survey of policy makers and policy advisers in 2002 I asked, “In your view, what are the common weaknesses of economists

People are very susceptible to feeling that past expenditures matter in current and future decisions. If you’ve spent a lot of money on something, wouldn’t

Economists treat costs somewhat differently to the way that accountants do. This article explains why and how. You run a business producing, say, furniture, or

The demand curve is a deceptively simple concept that economists use constantly. It has at least three different valid interpretations that make it useful in