A series of recent protests by the workers preparing and delivering our essential foods and other goods highlights a key risk to our ability to combat the coronavirus. With most Americans sheltering ...

Most economic externalities can be efficiently solved through a system of private property rights, in which costs and benefits can be negotiated.

Wine growers everywhere fear spring frosts. New vine buds emerge in the spring and are highly susceptible to freezing temperatures which can kill them and result in significant crop loss for the year.

Economics is a field that exists between scientific objectivity and subjective interpretation. Suppose a policymaker is trying to decide whether a proposed new tax is a good idea. One economist might ...

Neal Urwitz is a vice president at Antenna Group, a public relations firm working with companies combating the climate crisis. Back in college, I thought positive economic externalities – i.e., when ...

Good sex might be priceless, but there’s still a market for it. Ideally, such a market doesn’t involve money—but demand is rampant, supply plentiful, and the exchange goes on every day in every way.

Consumption, production, and investment decisions of individuals, households, and firms often affect people not directly involved in the transactions. Sometimes these indirect effects are tiny. But ...

The COVID-19 pandemic has highlighted the high costs that unchecked externalities – such as those resulting from people not wearing face masks – can impose on an economy and society. Economists must ...

Phil Gramm and Michael Solon’s “Enemies of the Economic Enlightenment” (op-ed, April 16) seems intended to vilify the efforts of reformers seeking to change priorities and cultures within corporations ...