Economics professors typically cover the “economic way of thinking” in the first chapter of a principles of economics course. After covering 8-10 of the most important guideposts and principles of ...

As Justyn Walsh writes in Investing with Keynes: “Keynes’ most famous example of the ‘fallacy of composition’ was the so-called Paradox of Thrift–which notes that saving is good for the individual, ...

A key Communist Party publication on Wednesday warned that a zealous pursuit of individual department policy goals, despite their good intentions to honour Beijing’s guidelines, could backfire and ...