Editor's note: Sometime we come across terms that are either hard to understand or difficult to relate with our everyday life. In an effort to help our readers, we are launching a new series today ...

Derek Scissors is a Research Fellow for Asia Economic Policy at The Heritage Foundation's Asian Studies Center. Scissors focuses on the Chinese economy as well as broader Asian economic trends and ...

Consumption is an always effect of what actually matters: production. It’s a reminder that while “supply siders” are increasingly ridiculous, “supply-side economics” is a statement of the obvious: the ...

People love to throw around the acronym GDP and try to figure out where gross domestic product estimates are headed. Some investment advisors say this metric is more useful for seeing how the overall ...

It has taken much longer than I would have liked to get this article out and it’s been a few weeks since we last talked about GDP. I again want to thank each and every one of you for following me, ...

When it comes to "thinking like an economist,” the usual ideas are about supply and demand, prices and incentives and opportunity cost. That is all well and fine, but there is another important yet ...

GDP is one of the most important numbers in modern economics, but few people really know what it means. Learn what you need to know in this handy explainer. Governments have used many indicators to ...