Modern-day capitalism has no shortage of heavyweight scholars - names such as Milton Friedman, Adam Smith, Friedrich von Hayek and Murray Rothbard are among the most prominent names that surface among free market thinkers. Yet the person most frequently evoked by proponents and detractors alike was neither a trained economist nor a traditional businessperson.
Standard & Poor's downgraded Greece's credit rating one notch and warned of a narrowing window for the government to agree on a new financing program.
When will the Federal Reserve stop acting like the economy is in crisis?
The US economy added 257,000 jobs in January, beating expectations of 230,000 jobs and giving the market renewed confidence in the health of the nation’s economy.
Athens’ high stakes brinkmanship with its international creditors appeared no closer to paying off on Thursday, after talks in Germany ended with finance minister Wolfgang Schäuble insisting Greece was responsible for its own plight.
The conventional wisdom about the state of the world economy goes something like this: since the start of the 2007-2008 financial crisis, the developed world has struggled to recover, with only the United States able to adjust.
The Bank of England (BoE) left its benchmark interest rate unchanged Thursday - as expected - as the prolonged risk of stubbornly low inflation pushes back expectations of an interest rate rise, with a hike in 2015 now looking less likely.
Companies are predicting not robust times ahead but rather tepid profit growth, with a cornerstone being a drop, not a rise, in capex.
The British chancellor, George Osborne, has warned that the standoff between Greece and the eurozone poses “the greatest risk to the global economy” after meeting the new Greek finance minister.
Unconventional central bank policies, including quantitative easing (QE) have failed to spur either inflation or growth as fiscal austerity continues to bite, Nouriel Roubini said in an op-ed for Project Syndicate.
Worries about the EU referendum in June and over a resurgence of the eurozone crisis have knocked consumer confidence in the UK to its lowest level in more than a year, according to a report.
US interest rates will remain unchanged until at least June, the Federal Reserve’s open market committee (FOMC) announced on Wednesday.
British households will be saddled with a tax-like financial burden for years if they vote to leave the EU, one of the world’s leading forecasting groups has warned.