Defense and aerospace giant Raytheon announced plans last week to merge with rival defense and aerospace giant United Technologies, creating a huge corporation, albeit a bit smaller than Boeing, and ...

Learn how discriminating monopolies charge different consumer prices, maximize profit through pricing strategies, and explore examples illustrating their market impact.

Learn how legal monopolies function, why they're government-sanctioned, and their effects on competition. Explore historical and modern examples, including gambling and telecom.

The standard textbook model of monopoly economics only applies to the real world in a narrow range of circumstances. Read Full Article » ...

15 February 2008 For the 25 years, the so-called "Washington Consensus" - comprising measures aimed at expanding the role of markets and constraining the role of the state - has dominated economic ...

Monopoly, Settlers of Catan and blackjack all involve strategy. To win these games, you have to consider how your opponents might play and use that information to inform your own moves. That’s also ...

Truth in the old adage that politics makes strange bedfellows is demonstrated from time to time. This is a sign of a healthy democracy. That is especially true now in our nation after a ...

"It's a very simple analysis that is more accurate than people give it credit for," says Giacomo Santangelo, a lecturer in economics at Fordham University. At the heart of the scene is Theo's argument ...

Just as philosophers are divided on the nature of truth and understanding, economics is divided on the workings of the real world. Yet, in practice, the dominance of the belief in “one economics,” ...