economics

In about 1200 BC, cowry shells were used as medium of exchange in China. And then it developed to coins and then later to banknotes in the form of leather.

How labor unions affect the economy is complex and subtle. Unfortunately most people want a simple answer as to whether unions are "good" or "bad."

Answering the question of whether Ben Bernanke is doing a good job is not as easy as it might appear at first glance. In fact the question may not be possible to answer.

The terms "Socialism" and "Capitalism" are thrown about frequently in modern conversation, but do they even have a real meaning anymore? These terms seem to be defined more in relative terms, rather than absolute.