Economics
Field of Study
FACTBOX-Five facts about incoming EU economy chief Rehn..."Corporatism and Industrial Competitiveness in Small European States". He also studied political science at the University of Helsinki and economics, international relations and journalism in the United States, at Macalester College, St... In this article: European Union, Mikkeli, Helsinki, Economics, Recession, Political science, Oxford University, and University of Helsinki |
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Guardian | 10 hours ago
Buy Nothing day is only the beginning for a new counter-consumer culture Tony Juniper
...before the official UK Buy Nothing day. The reason is simple. For all its sophistications, our modern culture and the mainstream economics that underpin it do not put a price on nature - and nature is set to be the ultimate limiting factor...
In this article: Buy Nothing Day, Tony Juniper, Consumerism, Waste, Unemployment, Climate change, Deforestation, Robert Costanza, and Cambridge
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washingtonpost.com | 19 hours ago
'Cash for Clunkers,' household edition
...that for Americans to be richer, they need to throw out their old appliances faster -- I don't see it that way," said James D. Hamilton, an economics professor at the University of California at San Diego, who has blogged about the clunkers...
In this article: Recession, California, United States, and Tax
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Clarion Ledger | 20 hours ago
Rankin County teacher wins economics award
...Cochran for his leadership in bringing economic education opportunities to the state. Sweeney teaches economics and Advanced Placement economics and coaches ninth-grade football at Northwest Rankin. He earned the "Master Teacher of...
In this article: Mississippi, Department of Education, Rankin County, Esters, and U.S.
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New York Times | 3 days ago
Why Are Some Cities More Entrepreneurial Than Others?
...the link between entrepreneurship and urban success was made explicit by Raymond Vernon (Harvard economist and inventor of the peanut M&M) and the economist Benjamin Chinitz. Chinitz argued that New York was doing better than Pittsburgh...
In this article: Harvard, Pittsburgh, Frank Knight, Joseph Schumpeter, New York, Tax, and University of Chicago
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Who Runs Gov | 4 days ago
Profiles/Jeffrey_A._Goldstein
Goldstein then moved to Yale University, where he earned a master's, MPhil and a Ph. D. in economics. In 1982, Goldstein used those degrees to teach economics at Princeton University. He only taught a year before moving to the public...
In this article: Treasury Department, Timothy Geithner, World Bank, and Wall Street
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L.A. Times - Money & Company | 4 days ago
Michael Hiltzik: The return of Keynes
...that the dramatic trend in recent decades toward the concentration of wealth in ever fewer hands coincided with the ouster of Keynesian economics from policymaking in the U.S., and the substitution of the so-called New Classicism. The...
In this article: John Maynard Keynes, Robert Skidelsky, Capitalism, Los Angeles Times, Karl Marx, U.S., Los Angeles, and California
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Clarion Ledger | 4 days ago
Employers feel jobless squeeze
...taxes would make pay raises less likely. "There's only so much money at the end of the day," she said. Bruce Meyer, a University of Chicago economics professor, said his studies show that higher unemployment taxes usually lead to lower pay...
In this article: Tax, Unemployment, Fiscal year, Recession, and University of Chicago
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boston.com - Latest New Hampshire news | November 18, 2009
Dartmouth economics professor wins state award
THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING HANOVER, N.H.-A Dartmouth College economics professor is being honored by two national organizations. Andrew Samwick, who also is director of Dartmouth's Nelson A. Rockefeller Center for...
In this article: Dartmouth College, Andrew Samwick, New Hampshire, All rights reserved, E mail, and Carnegie Foundation
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Clarion Ledger | November 17, 2009
Miss. forum to honor economics teacher
The Mississippi Council on Economic Education on Wednesday will announce its 2009 U.S. Sen. Thad Cochran Economics Teacher of the Year award-winner. The announcement will be made during an MCEE event from noon-1:15 p.m. at the Jackson...
In this article: Tate Reeves and U.S.
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Sydney Morning Herald - Business | November 12, 2009
Everything is coming up roses in the economics cliche department
...complex ideas in a captivating way, and when such an easy pun presents itself, newspapers and economists leap at the chance to make economics exciting. But politicians come at it from a different direction, engineering catchphrases in...
In this article: Stanford University, Australia, Melbourne Cup, Cornell University, and Facebook
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Description from Wikipedia:
thumb|300px|A traditional [[marketplace is a physical arena where buyers and sellers meet, and the traded items are present, ready to change hands.|alt=A marketplace selling vegetables]]
Economics is the social science that studies the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία (oikonomia, "management of a household, administration") from οἶκος (oikos, "house") + νόμος (nomos, "custom" or "law"), hence "rules of the house(hold)". Current economic models developed out of the broader field of political economy in the late 19th century, owing to a desire to use an empirical approach more akin to the physical sciences.
A definition that captures much of modern economics is that of Lionel Robbins in a 1932 essay: "the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses." Scarcity means that available resources are insufficient to satisfy all wants and needs. Absent scarcity and alternative uses of available resources, there is no economic problem. The subject thus defined involves the study of choices as they are affected by incentives and resources.
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