Unit of account is the thing that measures the value of goods and services. It’s an essential function for something to be [or become?] money. In simple terms, it is a standard measure of value, a ...

Ticketmaster's CEO made waves with a recent comment that event tickets are underpriced. Economics 101 backs him up. So why do ...

Macroeconomics studies an overall economy or market system, its behaviors, the factors that drive it, and how to improve its performance.

The cryptocurrency industry seeks to create a decentralized, peer-to-peer means of exchange, but is it really just a speculative bubble? “These cryptocurrencies are not currencies, economically ...

In 2014, Pierre Rochard described how strong money would drive out weak. Eleven years later, corporations building bitcoin treasuries are proving him right.

Discover what rent seeking is in economics, its implications, and see examples of how entities gain wealth without societal ...

Ben Spies-Butcher is co-director of the Australian Basic Income Lab, a research collaboration between Macquarie University, University of Sydney and Australian National University. It’s the defining ...