If there is one consistent theme in President Trump’s economic philosophy, it is that trade deficits are bad for the country and must be eliminated. This is the principal motivation for his recent ...

Some even consider them quaint, outdated, or simple-minded. Basic economic principles, however, are neither simplistic nor simple minded. They are, rather, quite sophisticated in their simplicity, ...

Forbes contributors publish independent expert analyses and insights. I share tips about launching, validating and growing startups. When it comes to concepts from economics useful to startup founders ...

Economics has always had something of a problem defining itself. One economist, Jacob Viner, even offered the explanation that, “Economics is what economists do.” Viner’s smarty-pants explanation was ...

When running a small business, decisions must be made to help ensure profit maximization and continued success. Understanding some of the basic economic principles at work behind the scenes can help ...

There is a rather basic but key economic principle which states that free markets are crucial to efficiently running economies. Free markets facilitate the allocation of capital and resources through ...