economics

On Monday, Sotheby's will auction off a Nobel economics prize medal awarded to John Nash in 1994. So, how much is a Nobel medal worth?

Milk is like oil - it's refined into products that are traded globally. So global events can mean profits or losses for dairy farmers. This year, they're seeing losses, and asking Congress for help.

For some, "middle class" means never wanting for anything. For others, it means watching your budget. But economists agree that the middle class is shrinking, with more moving up than falling behind.

We know that climate change will make water scarcer. But it could also have big economic impacts, Richard Damania of the World Bank says.

The global slowdown is undermining the ambitious economic agenda known as "Abenomics."

"I'm absolutely delighted," says Angus Deaton of Princeton University. He won for "his analysis of consumption, poverty, and welfare," the Nobel Committee says.

The Republican candidate says he can create 4 percent GDP growth as president, but there's little evidence that a president really can cause that kind of growth alone.

The Nobel committee said Jean Tirole has helped to reshape regulators' policies with his idea that the same rules have different effects — good and bad — in different industries.

Yoram Bauman is an economist. And a stand-up comic. Who makes jokes about climate change and global development, among other topics. At the Inter-American Development Bank this week, he killed!