Economic systems are defined by the method that a nation uses to allocate its goods and services. These systems have varying degrees of government control, and range from free market economies to ...

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. Jared Ecker is a researcher and fact-checker. He possesses over a decade of ...

The bond market not only determines how much interest the government must pay to borrow money; it also influences how much interest ordinary Americans will pay on car loans, mortgages and credit card ...

In the late 1980s, economists were offered a theoretical explanation for why markets can fail to move towards the socially optimal outcome, even in the long run 1. Building on the classic example of ...

America’s economic system is a mix of free-market capitalism with government actions and controls. It evolved along with our nation. Many of us came to believe this system rewarded hard work and was ...

In most of the countries we surveyed, there is widespread support for changing the economic system. In fact, in all but three nations, majorities say the economic system in their country needs major ...