Joel Mokyr, Philippe Aghion and Peter Howitt share economics prize for work that underlines the importance of investing in ...

Joel Mokyr, Philippe Aghion and Peter Howitt won the prize for showing how “society must keep an eye on the factors that ...

The Nobel Memorial Prize in Economic Science was awarded today to two scholars who revolutionized the technique of statistically modeling national economies, stock markets, and other complex systems ...

Financial institutions are increasingly using economic capital models to help determine the amount of capital they need to absorb unexpected losses. These models typically aggregate capital based on ...

Decentralized finance (DeFi) has emerged as the flagship concept and use case for blockchain technology and cryptocurrency. DeFi is the use of smart contracts and other decentralized technologies to ...

Next, the editorials insist that China is profoundly resilient. They note risks, including American protectionism and weak ...

Jamba Reasoning 3B combines the Transformers architecture with AI21 Labs’ own Mamba neural network architecture and boasts a ...

The International Monetary Fund noted in a briefing last week that China's economy has shown robustness despite trade ...

Behavioral economics combines elements of economics and psychology to understand how and why people behave the way they do in the real world. It differs from neoclassical economics, which assumes that ...

Economies of scale refer to the process of reducing the average cost per unit as production scales. It enables higher ...