Though economists often talk in terms that seem impenetrable, what they study is very simple and basic. The "economy" is how resources are distributed throughout society. Since the 1960s, the world has been described as an information...

An economist is an expert in the social science of economics.[1] The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad...

An economist who has long predicted this decade's housing market bubble would deflate said the residential real estate downturn could spiral into "the most severe since the Great Depression" and could lead to a recession.Yale University economist Robert Shiller's written comments to lawmakers came a...

Health care is expected to account for $1 of every $5 spent in the United States in another decade.That means a rise in out-of-pocket expenses, such as the copays for medicine, from about $850 this year to about $1,400 in 2016, a 5.3 percent annual...

A top economic aide to ousted Prime Minister Thaksin Shinawatra resigned Wednesday from his position in the current military-appointed government following sharp criticism from pro-democracy groups.Somkid Jatusripitak, a former finance minister, stepped down a day after the People's Alliance for Democracy accused him of being...

U.S. auto sales this year should be about the same as in 2006, but increased truck sales could be a bright spot after last year's disaster for the three Detroit-area automakers, the National Automobile Dealers Association's top economist said Sunday.Paul Taylor, speaking at the association's...