On today’s episode of Economic Update, Professor Wolff delivers an introduction to the key economic concept of “the surplus.” He explains economic structures as ways of organizing the production and ...

Reviewed by Robert C. KellyFact checked by Jared EckerReviewed by Robert C. KellyFact checked by Jared Ecker A surplus describes the amount of an asset or resource that exceeds the portion needed and ...

China’s current-account surplus was once one of the most controversial statistics in economics. The figure, which peaked at almost 10% of gdp in 2007, measures the gap between China’s earning and its ...

President Javier Milei’s controversial plan to shock Argentina’s economy back into growth has chalked up a significant win. After years of rising debt, the country has now posted four consecutive ...