Discover what autarky means, its economic implications, and real-world examples like North Korea and Nazi Germany's self-sufficient policies.

The knowledge economy refers to the value of products and services derived from human capital. It's a large share of the economic activity in highly developed nations.

The early 2020s made just about everyone in the world well-aware of the term "inflation." No one particularly likes it—it's rising consumer prices, after all. But it goes hand in hand with economic ...

Why do we use words like “natural” in economics? Or what about the word “utility”? The answer can be traced all the way back to the 18th century. “It's really an encyclopedia,” said Matías Vernengo at ...