Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. You may have heard the news that two American economists – Paul Milgrom and Robert Wilson – ...

Optimizing economic welfare without constraints might put human well-being at risk, a new climate study argues. While being successful in bringing down costs of greenhouse gas reductions for instance, ...

In this essay, my point of departure is Bernard Hodgson's analysis of neo-classical economic theory and his demonstration that neo-classical economic thought is already a branch of normative theory. I ...

Maybe Harvard is preparing us perfectly. Maybe the world is what’s broken. And maybe, the best way to prepare for the world while at Harvard is not learning how to understand but instead understanding ...

Econometrica publishes original articles in all branches of economics - theoretical and empirical, abstract and applied, providing wide-ranging coverage across the subject area. It promotes studies ...

Economic dispatch optimisation in power systems refers to the process of determining the most cost-effective allocation of generation resources while satisfying the numerous operational constraints of ...

Higher crude prices and continued optimization improvements drove upward revision to the S&P Global Commodity Insights 10-year oil sands production outlook, the first time in more than half decade.