Economists sometimes present their discipline as the queen of the social sciences, a claim staked primarily on a superificial resemblance to physics: It has universal laws! Expressed in numbers!

All major economic powers — Britain, Germany, and yes the USA, and China — rose to their position while protecting their ...

Two contemporaries born in the 18th century provide reasons for guarded optimism about 21st-century U.S. politics. Democrats are suddenly, if only situationally, admiring James Madison (1751-1836).

If you studied any college-level economics, you probably remember David Ricardo’s name. He was the other founder of classic economic theory, after Adam Smith, and his “comparative advantage ...