In his otherwise excellent column “Wealth Is Knowledge” (Inside View, Feb. 7), Andy Kessler makes a common Econ 101 mistake. He says, “You were taught about supply and demand curves and that when ...

Discover exceptions to the law of demand, like Giffen and Veblen goods, and understand why they don't disprove core economic ...

Demand for new houses over the past 50 years has generally shifted outward with rising incomes and an increasing population, though it has shifted inward during periods of recession. Supply for new ...

Inflation has remained at levels well above the Federal Reserve’s inflation goal of 2% for over a year. Separating the underlying data from the personal consumption expenditures price index into ...