The economic doctrine of “externalities” has become an excuse for governments to intervene economically in heavy-handed ways, all in the name of “saving” the ...

Learn how economists measure externalities using equilibrium models, cost assessments, and qualitative methods. Gain insight into real-world and theoretical impacts.

India’s influence today extends well beyond South Asia. Its economic gravity increasingly shapes outcomes across West Asia, ...

Most economic externalities can be efficiently solved through a system of private property rights, in which costs and ...

Live lobster boiling ban among ‘ambitious’ reforms” (December 23), as many FT articles that discuss the economics of animal ...

Today’s concentration is real, but it’s not the same beast as early 1900s concentration because the governance environment is ...

Last Friday, I spoke on a panel at NYU on political theorist Alyssa Battistoni’s new book Free Gifts: Capitalism and the ...

In fiscal year 2025, explicit government subsidies in the form of tax expenditures for the energy sector total $64.1 billion. Those going to renewable energy, electric vehicles and energy-efficient ...

The next year holds similar tensions as 2025, with the difference that AI investments might finally slow down after a year ...

The ‘Levelised Cost of Electricity’ has long guided investment and policy decisions, but its simplicity masks important realities about how electricity systems operate. A more comprehensive approach ...

The government must urgently prioritise a long-overdue scaling up of freight operations as that could transform Pakistan ...

With its share price falling by more than half since December 2024, James Beard considers the prospects for the ...