In an era marked by economic turbulence, from inflation spikes to tech disruptions, the compass of classical economic thought, particularly that of Henry Hazlitt, offers not just direction but ...

What is something “worth” in the marketplace? Who gets to decide that? If you ask someone steeped in classical economic theory, they will tell you that something is worth exactly what someone else is ...

Keynes challenged the fundamental theories of classical economics and influenced European and American economic policies throughout World War I, the Great Depression, and World War II. How did Keynes’ ...

The old issue of the relationship between economics and psychology has resurfaced recently mainly because of the rise of behavioral economics. The bulk of this literature deals with the relation ...

The American Journal of Economics and Sociology (AJES) was founded in 1941, with support from the Robert Schalkenbach Foundation, to provide a forum for continuing discussion of issues emphasized by ...

In March, the Nobel Prize-winning psychologist Daniel Kahneman died. Nobel Prizes are not given in psychology. Kahneman’s prize was in economics. In an interview in 2016, Kahneman stated that Richard ...