First SeenFirst seen: The term supply and demand was first seen in Sir James Steuart's 1796 treatise An Inquiry Into the Principles of Political Economy. When figuring out your monthly budget, ...

Discover how supply and demand influenced early American agriculture, from the rise of cotton after the cotton gin to ...

DENVER — Few politicians can resist the opportunity to exploit consumer angst over rising gas prices, and thus take advantage of the fact that few of America’s public schools deign to teach economics ...

I appreciate the opportunity to respond to Corbin DiMeglio's essay. I wish I was allotted more than 300 words! I believe he and I agree on far more than we disagree. Specifically, two points I fully ...

Supply is falling. Demand is rising. Anyone with a basic understanding of economics knows what that means. And as the law of supply and demand decrees, used car prices are beginning to rise, according ...

The city tightens its rent control law. Good luck finding an apartment.

The title of Benjamin M. Friedman’s “Religious Influences on Economic Thinking” is dully academic but eye-catching all the same. It is a slim book, some of it a restatement of the argument the author ...

The US housing market is distorting a core principle of economics: supply and demand. Home prices soared in May, even as existing home sales fell and the supply of homes for sale jumped. "This one is ...

Let M be a market consisting of n goods Gj. A price vector p = (π1,..., πn) is a non-negative vector such that Σ πj = 1, where πj is the unit price of Gj. A commodity bundle x = (ξ1,..., ξn) is a ...