George Gilder and Gale Pooley rightly note that a useful measure of how much things cost is how long we must work to earn enough to purchase them (“We Should Measure Prices in Time,” op-ed, April 17).

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For the fourth successive year, the Nobel Committee has awarded the prize to economists who have delved into history to ...

Adam Smith has become the symbol of American capitalism, a champion of free trade and a free market. But it wasn’t always that way. In fact, it sometimes seems as if capitalism and America share the ...

Macroeconomics studies an overall economy or market system, its behaviors, the factors that drive it, and how to improve its performance.