Many of us have learned tough lessons on supply and demand over the past few years. The COVID-19 pandemic found many Americans hoarding toilet paper, jumping into new hobbies or splashing out on ...

Monopoly, Settlers of Catan and blackjack all involve strategy. To win these games, you have to consider how your opponents might play and use that information to inform your own moves. That’s also ...

During the 1970s energy crisis, when the price of crude oil jumped 300%, the public became acutely aware of the need to reduce energy consumption through price controls, gasoline rationing and a ...

Inflation is described as too many dollars chasing too few goods. It reflects an imbalance in the supply and demand of goods and services. The interaction between supply and demand sets prices in the ...

The most important lessons of an economic way of thinking haven't changed much in 40 years. But the students have.

At a Christmas Eve Mass last year, Pope Francis explained “the problem of our humanity—the indifference produced by the greedy rush to possess and consume.” He spoke of how “a world ravenous for money ...

The terms debt and deficit are often used together in discussions and publications regarding the nation’s finances, and they are often confused with one another. The term deficit refers to a given ...

The St. Paul Public School District’s need to close a projected $100 million deficit for the coming year, discussed in recent weeks, is not unique. Similar situations prevail for school districts ...