The equation says that when interest rates are high, people save more and consume less -- this is the way they smooth their consumption, as...

She said growth was picking up and that "it’s appropriate for the Fed to gradually and cautiously increase our overnight interest rate over...

Obama's economic advisers are assembling a recovery plan and reaching out to members of Congress and their staffs. Obama: Person of the Year

Anxious to jolt economy back to life, President-elect Obama is considering a federal stimulus package that could reach a whopping $1 trilli...

Sustainable consumption may be an oxymoron. Habitual simplicity is a philosophy the world can live by.