In my interactions with fleet managers around minimum life-to-date costs and the sweet-spot curve (see “Sweet Spot Revisited”), two valid questions often arise: “How do I explain the concept, and how ...

Opportunity cost is a concept in economics that refers to the value of the next best alternative that is forgone when making a choice — i.e., the cost of the best alternative that is not chosen.

Forbes contributors publish independent expert analyses and insights. Tim Maurer covers how personal finance is more personal than finance.

Optimizing economic welfare without constraints might put human well-being at risk, a new climate study argues. While being successful in bringing down costs of greenhouse gas reductions for instance, ...

Joel Mokyr, Philippe Aghion and Peter Howitt won the 2025 Nobel Prize in Economics for their work on innovation-driven economic growth, the Royal Swedish Academy of Sciences said on Monday. Mokyr, a ...

California is a desirable place to live, regardless of its politics. Primarily it’s the comfortable climate made better by sucking the Colorado River dry. This is demand. On the supply side, there is ...

Incorporating health and safety concepts into building plans reduces accident rates and safety costs. Workplace accidents are currently a great human, social and economic problem. Incorporating health ...