Economics is a social science that studies the production, distribution, and consumption of goods and services.
Euro coins
A 1638 painting of a French seaport during the heyday of mercantilism
The publication of Adam Smith's The Wealth of Nations in 1776 is considered to be the first formalisation of economic thought.
The Marxist critique of political economy comes from the work of German philosopher Karl Marx.
An economist is a professional and practitioner in the social science discipline of economics.
Former chair of the Federal Reserve Alan Greenspan, who obtained his Ph.D. in economics from New York University, testifies before the U.S. House Committee on Financial Services.
Former chair of the Federal Reserve Janet Yellen speaks with IMF Managing Director Christine Lagarde, 2014.