Asymmetric information is knowledge that a party to a transaction has that another lacks. It is commonplace and isn't always a disadvantage for the person without it.

The biggest difference between microeconomics and macroeconomics is in the scales of the two subjects. Both are key to understanding how markets work.

The Quarterly Journal of Economics (QJE) is the oldest professional journal of economics in the English language. Edited at Harvard University's Department of Economics, it covers all aspects of the ...

Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.

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