Have you played Monopoly lately? Or maybe snakes and ladders? These board games are examples of 100-year-old games that many still play today. But the way they are played today may not be teaching the ...

How does one reconcile a belief in the power of economic dynamism — that it takes “maximum competitive intensity” in business to really drive growth and innovation — with a deep skepticism that what ...

Richard McKenzie is correct that, were real-world markets what economists call “perfectly competitive,” the instantaneous market entry that is a key feature of this model ensures that consumers would ...

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 ...

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

Anyone who has played Monopoly knows the emotional rollercoaster it brings. You start with a small stack of cash and a plan that falls apart the moment another player snatches the property you had ...