Before we begin, I would just like to state for the record that I’m wholly against using the term "autistic" in a pejorative sense. However, one of the largest groups seeking to reform the study of economics describes itself as Post Autistic Economics (PAE), so I ordain follow their language.
The PAE movement, in my [...]
Entries from August 2008
Is Economics Autistic?
August 20th, 2008 · No Comments
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Top 11 Unsolved Econ Problems
August 17th, 2008 · No Comments
Through Craig Newmark I stumbled upon a list on Wikipedia of Unsolved Problems in Ecomomics. Like a lot of the material on Wikipedia, there are no citations or indication of where the material comes from, who the authors are and what qualifications do they have.
That being said, I do descry the awareness of such [...]
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Great Depression
August 16th, 2008 · No Comments
The Great Depression was a spectacular, worldwide economic decline. During the Great Depression there was a sharp decline in government tax revenues, prices, profits, income and international trade. Unemployment grew and political upheaval developed in many countries. For example, the politics of Adolf Hitler, Joseph Stalin and Benito Mussolini took the stage during the 1930s. [...]
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Stock
August 15th, 2008 · No Comments
Definition: Definition of Stock: A stock (also known as an neutrality or a share) is a portion of the ownership of a corporation. A share in a corporation gives the owner of the stock a stake in the party and its profits. If a corporation has issued 100 stocks in total, then each stock represents [...]
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Bond
August 14th, 2008 · No Comments
Definition: A bond is a fixed interest financial asset issued by governments, companies, banks, public utilities and other charitable entities. Bonds pay the bearer a fixed amount a specified end date. A discount bond pays the bearer only at the ending outmoded, while a coupon bond pays the bearer a fixed amount over a specified [...]
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China's Birth Planning Policy
August 13th, 2008 · No Comments
Conclusion While the dismal fertility under any circumstances, population growth rate, and figures denoting financial development are numerically promising, it is not jump over whether the parentage planning policy will actually eliminate the economic ills diagnosed by the state. Let us revisit very briefly the two such ills I have touched upon in this essay: [...]
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The Canadian Dollar at Par
August 11th, 2008 · No Comments
A couple of related questions from readers:
[Q:]: My question is concerning the Canadian Dollar. Is there any possible assumption that the Canadian Dollar might improve in the near approaching?
[Q:]: The Canadian Dollar has risen substantially over the U.S. Dollar. My question: What are the main reasons for this rise and do you foresee [...]
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Ph.D. Econ Math Camp
August 10th, 2008 · No Comments
Facebook friend Gabriel Mihalache is starting his first year in a Ph.D. programme in economics and is currently attending "math camp"? My former professor Eclectecon gives a terrific description of math camp: "Gabriel writes that he has started attending "math camp" at Clemson this week. For those who are not on speaking terms with with [...]
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Cross-Price Elasticity of D…
August 9th, 2008 · No Comments
The Cross-Price Elasticity of Demand measures the rate of response of quantity demanded of one good, due to a cost change of another good. If two goods are substitutes, we should expect to see consumers purchase more of one good when the price of its substitute increases. Similarly if the two goods are complements, we [...]
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Five Budget Deficit Questions
August 4th, 2008 · No Comments
In theory, absolutely. The 2001 and 2003 tax cuts could increase long-run economic growth, which would act to increase the size of the briefness in the unborn and government tax gross income along with it. The tax cuts could be either partly or fully self-financing thanks to their stimulative effect.
The standard Keynesian inculcate of [...]
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