Discover how accumulated funds work in nonprofits, similar to corporate profits, and how they ensure liquidity. Learn through ...

Discover how evolutionary economics explains economic change, emphasizing psychological influences and societal dynamics, with historic insights and practical examples.

Jeffrey K. Aronson is consultant physician and clinical pharmacologist at the Centre for Evidence Based Medicine, Nuffield Department of Primary Care Health Sciences, University of Oxford, Oxford, UK.

In business, practical experience usually outshines theoretical knowledge by a wide margin. However, this doesn't mean that ignorance is an asset. Economic concepts could serve as useful mental models ...