Studying Economics Instills Gratitude | AIER

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At least since Thomas Carlyle’s infamous put-down of economics as the “dismal science” (for economists having the temerity to oppose slavery ), it has been popular to disparage economics as a discipline that fosters depression on the one hand and narrow self-interest on the other.

Demand-Side Economics Defined

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What Is Demand-Side Economics? Keynesian economists believe that the primary factor driving economic activity and short-term fluctuations is the demand for goods and services. The theory is sometimes called demand-side economics. Understanding Demand-Side Economics.

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The Economics of Obesity – WSJ

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There’s an economic explanation for America’s obesity problem. Many attribute America’s weight problem to genetics, addiction or culture, but the analysis Richard Posner and I began in 1999 demonstrates that the problem is an economic one driven by technological change. High-calorie foods are cheaper than ever, and changes in the way we work have created a sedentary nation. Happily, the market is generating a solution: medical innovations that can reduce obesity.

Economics Needs More Socioeconomic Diversity

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It is well known that the field of economics has a race and gender problem, with treasury secretary (and former Fed chair) Janet Yellen , Fed chair Jerome Powell , and former Fed chair Ben Bernanke among the many senior figures advocating for change.

The Economics Behind Marathons

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But just what are the economics behind marathons? There’s no doubt that there’s been a rise in the popularity of marathons and their accompanying half-marathons—especially in recent years. But if you believe these events are reserved for elite athletes, think again.

U.S. Economic Growth Shows Signs of Slipping

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Recent reports show sharp declines in key sectors, raising the prospects of a stalled economic recovery and possibly a recession. The U.S. economy is starting to slow under the combined weight of soaring inflation and climbing interest rates—including the highest mortgage rates since 2008. Home construction across the U.S. fell sharply in May, the Commerce Department said Thursday.

Economic Growth, Not Austerity, Is the Answer to Inflation

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Mr. Summers echoed the advice of his uncle, the Nobel economics laureate Paul Samuelson, who famously wrote in 1980, a time of double-digit inflation, that “five to ten years of austerity, in which the unemployment rate rises to an eight or nine percent average and real output inches upward at barely one or two percent per year, might accomplish a gradual taming of U.S.

China’s Economic Downturn Shows Signs of Easing

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SINGAPORE—Economic activity in China declined for a third straight month in May, though at a slower pace than in April, according to surveys of businesses and factories.

What Is an Economic Moat?

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The term economic moat , popularized by Warren Buffett , refers to a business’s ability to maintain competitive advantages over its competitors in order to protect its long-term profits and market share. The term economic moat was made popular by legendary investor Warren Buffett.

The Very Preventable Economic Disaster Overtaking Britain

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This week saw news of a second consecutive monthly economic contraction, of 0.3% The Organization for Economic Cooperation and Development expects the U.K. National economic sob stories are a depreciated dime a dozen these days, so it’s fair to ask what makes Britain’s so special. Read More Political Economics. Britain benefits from a legacy of economic reforms in the 1980s. The U.K. economy is the world’s fifth-largest and Europe’s second-largest after Germany.

China’s Economic Distress Deepens as Lockdowns Drag On

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HONG KONG—China’s economy descended deeper into a Covid-induced doldrums last month, raising questions about whether Beijing’s planned stimulus measures can prevent a prolonged downturn.

Bill Clinton’s Recipe for Economic Growth

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economic advisers focused on the health of giant banks and tolerated a grindingly slow recovery. Begin with the economic aggregates. Robert Reich, urged him to propose a major stimulus package to accelerate economic growth and reduce unemployment more quickly. I worked in the White House at the time but had no role in economic policy.) What about the distribution of gains from economic growth?

Falling Transport Stocks Challenge Economic Outlook

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Transportation stocks were hot in 2021 and earlier this year, driven by optimism about economic growth. The transportation benchmark in March was within 2% of a November record powered by optimism that resurgent economic growth would boost transportation companies’ profits. Now investors are turning the other way. The Dow Jones Transportation Average, which tracks 20 large U.S. companies ranging from airlines to railroads, has declined 13% from a recent high on March 29.

A Complete Guide to Economic Injury Disaster Loans

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During uncertain economic times, you may find that your business is struggling with major monetary loss. With an economic injury disaster loan, you can get your business back on track. So, what are Economic Injury Disaster Loans, you ask?

An Economics Lesson From a Science Teacher

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The best economics lesson I ever learned came from a science teacher. At its heart, economics is about choice. Sometimes academics take it further and say that economics is about choice in an environment of scarcity. Photo: Getty Images.

On the difference between Agricultural Economics • The Berkeley Blog

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. . For fifty years, I wondered what the difference between an agricultural and resource economics (ARE) and ECON departments was? I began my working life as a computer programmer and studied economics and statistics in Israel. Economics

What Real Economic Warfare Looked Like

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In the wake of Russia’s invasion of Ukraine, Moscow has accused the West of waging economic warfare. If an economic shock occurred, its effects were bound to propagate swiftly throughout the entire system. This was full-scale economic warfare in a globalized world.

Four Economic Concepts Consumers Need to Know

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While having a basic understanding of economic theory isn’t perceived as being as important as balancing a household budget or learning how to drive a car, the forces that underpin the study of economics impact every moment of our lives. Economics Is the Dismal Science.

The G-7’s Economic Fantasy Summit

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Military power is impossible to maintain, and security impossible to guarantee, without the efficient circulation of resources and the overall growth and flourishing afforded by the easy flow of economic lifeblood. It’s been a busy week on the global summit circuit, with a Group of Seven confab in Germany and a conference in Madrid for the North Atlantic Treaty Organization. The two events are deeply entwined, but the leaders at the G-7 meeting didn’t much act like it.

How To Defeat China Economically? Don’t Follow Its Worst Practices

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Beijing adapted BRI to economic and political reality over time, providing real funds for real projects, though with varying results. If so many peerless projects of sound social and economic design exist, why haven’t they been funded already? Economics

To Solve Income Inequality, Increase Economic Mobility

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EconomicsWe may not be able to make the world equal, but we can at least give people the opportunity to get educated, learn skills or trades, and find a good career or profession. . Source: Bloomberg , February 8th, 2022. . .

Food Economics in One Argentine Lesson

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When it comes to economic malpractice, it’s hard to beat Argentina, the breadbasket of the region. Pablo Guidotti, a professor of economics at Torcuato Di Tella University in Buenos Aires, since 2000 government expenditures, as a percentage of gross domestic product, have doubled to 40% from 20%. Vladimir Putin ’s. war on Ukraine is one reason for a spike in food prices that now threatens some of the world’s most vulnerable populations. But it’s far from the only reason.

Positive vs. Normative Economics: Key Differences

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Positive vs. Normative Economics: An Overview. Positive economics and normative economics are two standard branches of modern economics. To put it simply, positive economics is called the “what is” branch of economics. Positive Economics.

Russian Escalation in Ukraine Raises Global Economic Risks

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The Controversial Economics of Abortion Law

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Angrist, who is now on the faculty of MIT, saw an opportunity to examine the economic and social effects of abortion access by zeroing in on the states that had legalized abortion by 1970—Alaska, California, Hawaii, New York and Washington—and several others that had liberalized restrictions. His paper “Schooling and Labor Market Consequences of the 1970 State Abortion Reforms,” published in the book “Research in Labor Economics” in 2000, drew mixed conclusions.

Why This Economic Boom Can't Lift America's Spirits

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Discontent is widespread in spite of rapid job growth, wage gains and strong asset values. At the root of it: rising prices of common goods, shortages and the pandemic’s continuing undertow. Source link.

March 2020: How The Fed Averted Economic Disaster

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They devised unparalleled emergency-lending backstops to stem an incipient financial panic that threatened to exacerbate the unfolding economic and public-health emergencies. ‘Get in the boats and go.”

On the difference between Agricultural Economics • The Berkeley Blog

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. . For fifty years, I wondered what the difference between an agricultural and resource economics (ARE) and ECON departments was? I began my working life as a computer programmer and studied economics and statistics in Israel. Economics

For the Least of These: Against Inflation Economics

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economic performance was admirable during the late twentieth century, it rested on a Faustian bargain: we accepted the harmful idea that economies needed some inflation—just a little bit—to grease the wheels. We don’t need inflation to achieve full employment and economic growth.

Global Economics Intelligence executive summary, May 2022

McKinsey

Strategy & Corporate Finance Insights Strategy Economic StudiesCentral banks move against inflation; US industry expands while China’s economy contracts amid COVID-19 measures; supply challenges persist.

The Economic Impact of Coastal Erosion

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Coastal erosion has not only an environmental and social impact, but also a significant economic one. Implementing anti-erosion measures such as beach nourishment, levees, and seawalls can help to mitigate these economic damages. Types of Economic Effects of Coastal Erosion.

Economic conditions outlook, March 2022

McKinsey

Overall economic optimism continues to decline. Strategy & Corporate Finance Insights Strategy Economic StudiesWorries about geopolitical conflicts, among other risks to growth, now exceed executives’ concerns about the COVID-19 pandemic.

Progress in Economics

CFA Institute

Drivers of Value Economics Future States History & Geopolitics Philosophy Standards, Ethics & Regulations (SER) Demographics economics fiscal policy Investment Philosophy Monetary Policy Trade Imbalances

Global Economics Intelligence executive summary, June 2022

McKinsey

Strategy & Corporate Finance Insights Strategy Economic StudiesHigh energy prices stoke inflation; central banks chart tightening course; supply challenges persist and industry struggles to meet demand.

International COVID-19 Economic Stimulus and Relief

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This has been further compounded by an economic crisis caused by the disease’s disruption to the world economy, resulting in millions of people losing their livelihoods, exacerbating global poverty and inequality. Coronavirus Aid, Relief, and Economic Security (CARES) Act.