Economics

Curious about capitalism, the monetary system or white collar crime? Check out these articles. The Economics Channel defines and explores economic terms and controversies.


The gender pay gap is usually expressed something like this: Women make 77 cents for every dollar a man makes. Where did this figure come from and is it still true?

The idea is that the government gives everyone a set amount of money, just for existing. Would it fly in the U.S.?

Basic income is guaranteed to everybody, no matter who you are, whether you work or not. And it could be way simpler than some existing welfare systems.

Financial difficulty can produce measurable negative impacts on physical well-being, including real pain and a lowered pain tolerance.

Let's shed some light on how and why political donations can be so tricky.

Why aren't there numbers on American coins? The words "dime," "penny" and "nickel" sure don't convey anything obvious. Is the U.S. just being inhospitable to guests?

Citizen science projects are sprouting up everywhere. Researchers and laypeople love them -- though there are a few critics.

With enough natural resources, robots and replicators, a la "Star Trek," money could definitely become outdated.

Setting up a funding site for a nonexistent sick boy is child's play for these criminals. The real money is in laundering stolen credit cards.

It's time to replace your jalopy. You know it isn't worth much, but should you sell it anyway and maybe make a few bucks, or should you donate it to charity to get a tax break?

Crowdfunding sounds like an easy way to raise funds for a project or product when a bank or family members won't help you out. But while some projects have raised millions, most have actually flamed out.

It's impossible to keep a straight face when you see a grown man in a fez driving an itty-bitty car. But the Shriners actually do some pretty serious work.

Online shopping offers plenty of amazing-looking deals. But you know how it goes: If something seems too good to be true ...

Life's hard enough for a small business, and dishonest people looking to scam hard workers out of their profits only make things worse. Learn what the red flags are.

No one knows the exact amount of money lost or thrown out, but it's a lot more than you might imagine. One man made more than $20,000 picking up loose change every day for 10 years.

Whether by tampering with the bottle or the liquid inside, wine fraudsters have fooled billionaires and wine connoisseurs alike into thinking an unremarkable bottle of merlot is really an exceptional vintage. Here's how they do it – and why.

In some places, people forgo buying stuff (like cars and tools) to rent what they need from complete strangers. That's the premise of the sharing economy, which already has some big players. How does it work, and is it here to stay?

If smartphones were called computerized wallets, maybe people would be more careful with these devices that give thieves access to your bank accounts, credit cards and whereabouts with just one swoop. How do you protect yourself from identity theft?

Burger consumption can predict more than your chances of gaining weight. It can also determine currency equality. Meanwhile, men's underwear is a good indicator of the state of the economy. But how?

We're not sure why Americans lose their minds at the thought of picking up flashy electronics at big discounts on the day after Thanksgiving. But it happens. Discover 10 fascinating and horrifying true-life tales that happened on Black Friday.

Since 1960, the U.S. Congress has voted to raise the debt ceiling 78 times. In times past, this was a routine assignment but not anymore. What is the debt ceiling, and why has it become so controversial now?

Unlike dollars, pounds or yen, bitcoins aren't backed by any government. They're a completely decentralized form of money. Is the world ready for virtual currency?

Inflation is often defined as too many dollars chasing too few goods. But what does that really mean? And how does it affect the price of goods?

Just like the rest of us, superpowers can have trouble paying the bills. But instead of using a Visa card with a really high limit, the U.S. borrows money from its citizens. What it owes is called the national debt. Why does it matter?

News about a hurricane or tornado far away impels us to want to help the survivors. But is there a right way and a wrong way to do this? Can a donation be worse than doing nothing at all?