Particularly memorable was a long session on the basics of economics about 10 years ago, in his office at MIT, which helped concretize my own understanding of the economic fundamentals.

To start budgeting, track all income and expenses for at least 30 days—or, better yet, each month for an entire year. List ...

Understanding the role of human actionIn other words, as Thomas Szasz reminds us, people's actions have reasons, not causes. A person sits down because he wants to rest or read or watch television ...

When it comes to economics, there's no reason to expect leading lawmakers to be Boehner struggles with the economic basics June 21, 2013, 6:10 AM PDT ...

This installment picks up where the last left off, explaining the most basic ideas of economics — scarcity, trade-offs and opportunity cost — as only Paul Samuelson could.