As students walk into their first ECO 100: Introduction to Microeconomics lecture at Princeton, they are unknowingly stepping into a classroom where economic theory trumps economic reality. The tenor ...

A 4 November 2025 Project Syndicate (PS) article ‘Adam Smith and the moral economy we have lost’ pointed out the strong moral linkage of Adam Smith’s earlier book The Theory of Moral Sentiments, with ...

Since Marshall wrote those words a century ago, however, there has been surprisingly little integration between economics and other life sciences. Instead economics has continued to model itself after ...

Although neoclassical economics relies on assumptions that should have been discarded long ago, it remains the mainstream orthodoxy. Three recent books, and one older one, help to show why its staying ...