Economics, social science that seeks to analyze and describe the production, distribution, and consumption of wealth.
In the 19th century economics was the hobby of gentlemen of leisure and the vocation of a few academics; economists wrote about economic policy but were rarely consulted by legislators before decisions were made.
The World Ahead
The World Ahead 2022
Future-gazing analysis, predictions and speculation
Welcome to The World Ahead 2022, our guide to the coming year.
Our correspondents and outside experts consider the new reality that is emerging in the wake of the coronavirus pandemic, and ask what it means for politics, economics, business, science and culture.