Although it is generally thought of mainly as a theoretical academic subject, economics has been a driving force in society for thousands of years. The exchange of money and the way that financial systems interact has lead to some of the most profound changes to the everyday lives of human beings across the planet. To illustrate how the practice of economics has changed the world, today we'll look at the role of economics in Western history from the 6th century BC era up to the present day.

Economics is a broad and always developing subject, and there have been many schools of economic thought over the years. Today we'll be looking at two prominent schools that are relevant for modern economists, Marxian and neoclassical economics, to see how they differ and why they both continue to be of interest despite their many differences.

If you're in the field of business, whether you're a student, a researcher, or an entrepreneur, then you'll know how important it is to keep up to date with all the latest developments. To help you with this, we've compiled a list of the top academic journals in business, so you can know where to look for all the latest cutting-edge research.

Responding to the success of our blogging article in our 2019 INOMICS Handbook – for those of you unacquainted, click here – the economists are back, answering more blog-oriented questions. This time around, we’ve taken a bit of a personal turn, quizzing our participants about their blogging successes; the concepts behind their writings; and their preferred reads. For those setting out on their economic journey, the following makes for essential reading

Climate change is back on the front pages of the world’s press – belatedly. Its return is thanks to the landmark IPCC report, published in October 2018, which has served as a brutal reminder of the dystopian future that awaits humankind if radical policy change is not enacted immediately.

The announcement of the Nobel Prize in Economics 2018 could not have been timed better. It took place just 24 hours after the release of the Intergovernmental Panel on Climate Change’s (IPCC) stark warning that only 12 years now remain for global warming to be kept to a minimum of 1.5C, beyond which catastrophe looms. Rather appropriately, considering the admonishment, the gong was jointly awarded to Americans William Nordhaus and Paul Romer for their research into, as put by Swedish Academy, two of the most ‘basic and pressing’ economic issues of our time: ‘long-term sustainable growth and the welfare of the world’s population’.

Responding to the success of our blogging article in 2018r’s INOMICS Handbook – for those of you unacquainted, click here – the economists are back, answering more blog-oriented questions. This time around, we’ve taken a bit of a personal turn, quizzing our participants about their blogging successes; the concepts behind their writings; and their preferred reads. For those setting out on their economic journey, the following makes for essential reading.

The following is an analysis of data taken from the INOMICS Salary Report 2018 - downloadable for registered users here. Specifically, it looks at the representation and average salaries of both men and women, across all levels of seniority, in academia and the private sector. It is the 5th instalment in a series of insights handling the Report’s findings, and the first that seeks analysis through the prism of gender. The first four can be found in our insights section.

Responding to the success of our blogging article in this year’s INOMICS Handbook – for those of you unacquainted, click here – the economists are back, answering more blog-oriented questions. This time around, we’ve taken a bit of a personal turn, quizzing our participants about their blogging successes; the concepts behind their writings; and their preferred reads. For those setting out on their economic journey, the following makes for essential reading.

There are some surprising ways in which the opinions of economists diverge from most other people – and some things about which economists agree that they can't stand. Here are 9 things that economists hate:

The reporting of British politics for journalists has rarely been so onerous. Dramatic landscape shifts in the form of u-turns, resignations, and unexpected elections, are now so frequent the lifespan of articles, previously measured in days, are better predicted in hours - sometimes just a handful. Last week’s rapid-fire resignations of Brexit Secretary, David Davis, and Foreign Secretary, Boris Johnson, over their intransigence regarding Britain’s Brexit strategy epitomised this difficulty. Following the double salvo, it looked, albeit briefly, as though anything was possible: a vote of no confidence; a leadership election; maybe even a general election. All bets seemed off.

With the world cup now over a week old, we have reached the moment when even those initially reluctant, those who decried it at its outset, give in to football frenzy and find themselves, at least twice a week, standing amid a crowd of similarly dressed strangers, screaming at 11 little men on a screen they can barely see. It is wholly inevitable, and few would disagree, thoroughly enjoyable. Browse our PhD listings for more opportunities

The question of how far to proceed within academia, and subsequently, where to ply one’s trade when done, is, and will always be a tricky one. In times of widespread austerity, this quandary is further complicated by a general job climate of increased precariousness, falling wages, and diminished social security - rarely before has financial planning for the future held such significance.

Are you curious about the academic careers of your peers in Economics? We had a chance to ask a couple of questions to Mehmet Gökhan Özdemir, a PhD Student in the first year of his program in Economics at the Faculty of Political Sciences at Ankara University.

Photo Credit: larspsyll In this interview, Dr. Mark Thoma discusses his dislike for the 8 – 5 lifestyle, his lifelong love of math, the importance of economic history and why he’d like to have dinner with Milton Friedman, John Maynard Keynes and Adam Smith, among other topics.

It happens every year. As you’re walking through a shopping centre, a store, or perhaps a supermarket, you hear a Christmas song, and you know it’s the beginning of the buying frenzy that leads up to Christmas.

INOMICS supports students and researchers in attending conferences with a €500 grant Hear their perspectives on attending conferences and what advice they have to give other academics

INOMICS supports students and researchers in attending conferences with a €500 grant Hear their perspectives on attending conferences and what advice they have to give other academics

INOMICS supports students and researchers in attending conferences with a €500 grant Hear their perspectives on attending conferences and what advice they have to give other academics.  

INOMICS supports young students and researchers in attending conferences with a €500 grant Hear their perspectives on attending conferences and what advice they have to give other academics  

INOMICS supports students and researchers in attending conferences with a €500 grant Hear their perspectives on attending conferences and what advice they have to give other academics.  

INOMICS supports students and researchers in attending conferences with a €500 grant Hear their perspectives on attending conferences and what advice they have to give other academics  

The Nobel Prize for Economics, the most prestigious prize in the field, has been awarded this year to American economist Richard Thaler. The prize, fully titled The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was announced by The Royal Swedish Academy of Sciences and will be awarded in a ceremony in Stockholm in December.

INOMICS supports students and researchers in attending conferences with a €500 grant Hear their perspectives on attending conferences and what advice they have to give other academics.