Explore John R. Hicks' impact on economics, including his Nobel-winning work in general equilibrium and welfare theory, and his contributions to microeconomics.

Discover the concept of underemployment equilibrium in economics, its effects on unemployment rates, and why it persists. Explore Keynesian insights into economic downturns.

Many situations in economics are complicated and competitive. New research raises the question of whether many theories in economics may suffer from the very fundamental problem that the key ...