Discover what autarky means, its economic implications, and real-world examples like North Korea and Nazi Germany's self-sufficient policies.

Discover how game theory strategies improve decision-making in business, finance, and economics. Enhance your analytical skills with real-world applications.

Three economists grabbed a beer. A multibillion-dollar industry was born. The billion-dollar prediction markets industry began like a joke: Three economists walked into a bar.

Economists have noticed that betting markets like Kalshi and Polymarket are pretty good at predicting not just political ...