Author: Jay L. Zagorsky, Associate Professor of Markets, Public Policy and Law, Boston University

Capitalism, communism and socialism are the world’s three major economic systems. While the phrase “economic system” may seem like a yawn, countless people have fought and died in major wars over which one should dominate. Shifts from one system to another, like the 1989 fall of communism in much of Eastern Europe, changed the lives […]

The holiday shopping season is now here, and Americans are ready to splurge. The average U.S. shopper expects to spend more than US$1,000 on gifts for Christmas and other winter holidays this year, surveys show. These days, consumers have no shortage of payment options, each seemingly more enticing than the last. Do you swipe your […]