Hysteresis in economics refers to an event in the economy that persists even after the factors that led to it have run their course.

Normative economics is a perspective of "what ought to be" rather than what actually is, dealing heavily in value judgments ...

The state of Minnesota, acting through Attorney General Lori Swanson, is suing 3M Co. for $5 billion in damages caused by the company’s disposal of chemicals called PFCs in ways that allegedly ...

“He has enriched the world with works that will long remain monuments of science.” Reading Nature’s 1873 obituary 1 of the philosopher and economist John Stuart Mill, you would think economists and ...