Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience ...

This paper provides a theoretical model of how various aspects of the "buy local" movement influence social welfare and output across two regions. Market power considerations are also addressed where one region has a competitive advantage in production.

Editor’s note: The next president is in for a rough welcome to the Oval Office given the list of immediate crises and slow-burning policy challenges, both foreign and domestic. What should Washington do? Why should the average American care? We’ve set ...

A key issue raised by the United Kingdom’s (UK) withdrawal from the European Union (EU) – popularly referred to as Brexit – is its implications for competition and economic welfare. The competition issue is rather complex. Various potentially ...

James Buchanan wrote "An Economic Theory of Clubs" and invented clubs to support a form of welfare economics in which there is no social welfare function (SWF) and individual utility functions cannot be "read" by external observers. Clubs were a means to ...

A new study by Henrik Kleven, a Princeton economist, concluded that the earned income tax credit (EITC) has done little to induce employment increases among single mothers, attributing the large increases in the late 1990s to welfare reform (a package of ...

Alden Abbott served as Deputy Director of Edwin Meese III Center for Legal and Judicial Studies at The Heritage Foundation. The U.S. government should promote regulatory reforms here and overseas designed to reduce barriers to competition and promote ...

Seriously. How are you feeling about your economic situation? Because the unemployment rate is still near generational lows, inflation is down to 3.2%, and gross domestic product, or GDP, grew at a respectable 2.1% annual rate in the second quarter.

Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel memorial prize in economics Monday for explaining how innovation creates new products and promotes economic growth and human welfare even as it leaves old businesses in the dust.