Explore John R. Hicks' impact on economics, including his Nobel-winning work in general equilibrium and welfare theory, and ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Kenneth Arrow, who has just passed away, was a giant in economics. His contributions started nearly 70 years ...

A dynamic equilibrium is formed in a reversible reaction when the rates of the forward and reverse reaction are equal and the amounts of the reactants and the products remains constant. In this ...