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The economics of Theodor Herzl and his Zionist vision
The economics of Theodor Herzl and his Zionist visionI had never read The Jewish State before, so I was surprised to see how much economics it contained. Here are a few points, most but not all economics: 1. Herzl considered Argentina as a possible alternative to Palestine for the Jewish state. 2.read more
Source: marginalrevolution.com
Published on Sun, 11 Dec 2016 01:05:00 GMT
The economics of the Dakota Access Pipeline make perfect sense
The economics of the Dakota Access Pipeline make perfect senseRe: “The twisted economics of the Dakota Access Pipeline,” Dec. 4 Perspective article. Jonathan Thompson’s article spends a full page of the Perspective section to come to the surprise (not) conclusion that Energy Transfer Partners is building the ...read more
Source: Denver Post
Published on Sat, 10 Dec 2016 17:42:00 GMT
Trump's Challenge to Traditional Economics
Trump's Challenge to Traditional EconomicsMark Buchanan, a physicist and science writer, is the author of the book "Forecast: What Physics, Meteorology and the Natural Sciences Can Teach Us About Economics." Donald Trump has attracted plenty of criticism for his efforts to bully companies into ...read more
Source: bloomberg.com
Published on Fri, 09 Dec 2016 09:22:00 GMT
The Economics Of Tourism: We need A New Normal
The Economics Of Tourism: We need A New NormalDespite all the expert gibberish vented on talk shows by surrogates and followers of those opposed to the government, for the foreseeable future our economic success is attached unequivocally to tourism and FDIs. This is not to say we ought not to ...read more
Source: bahamaspress.com
Published on Sat, 10 Dec 2016 21:45:00 GMT
HPE, Aruba tackle IoT economics
HPE, Aruba tackle IoT economicsHewlett Packard Enterprise (HPE) and Aruba Networks, an HPE company, are looking to address the economic obstacles end users face in order to help the channel profit from the Internet of Things (IoT). According to Christian Gilby, director of product ...read more
Source: Channel Nomics
Published on Sun, 11 Dec 2016 01:44:00 GMT
Orwellian Economics
Orwellian EconomicsSHARMINI PERIES: Come January 20th Donald Trump is placed to take power in Washington D.C., and there’s one thing that everyone is wondering about is what kind of economic policies will he implement that we should really worry about it. Well there’s ...read more
Source: Counter Punch
Published on Fri, 09 Dec 2016 01:00:00 GMT
How we should pay for cures, according to economics
How we should pay for cures, according to economicsEach week, In Theory takes on a big idea in the news and explores it from a range of perspectives. This week we’re talking about drug pricing. Need a primer? Catch up here. Jason Shafrin is a senior research economist at Precision Health Economics ...read more
Source: Washington Post
Published on Fri, 09 Dec 2016 08:26:00 GMT
Religion, economics fuel interest in Arabic
Religion, economics fuel interest in ArabicLEWISTON — In a Lewiston High School class last week, language teacher Yahya Ismael was reviewing words in Arabic. “What means ‘past?'” Ismael asked, referring to the cursive Arabic letters on the board. Students answered, and Ismael indicated they ...read more
Source: Sun-Journal
Published on Sat, 10 Dec 2016 21:24:00 GMT
Can Uber Ever Deliver? – Understanding Uber’s Bleak Operating Economics
Can Uber Ever Deliver? – Understanding Uber’s Bleak Operating EconomicsHarry here. Uber’s been on a fundraising tear over the past few years, but it seems like the good times could be coming to an end. After Uber’s disappointing defeat in China, they’ve shifted the narrative to UberEats and emerging markets like ...read more
Source: therideshareguy.com
Published on Sat, 10 Dec 2016 17:38:00 GMT
The Kardashian-Jenners Do It Again -- 2016 Another Milestone Year In The New Economics of Celebrity
The Kardashian-Jenners Do It Again -- 2016 Another Milestone Year In The New Economics of CelebrityKim Kardashian ranked #1 yet again on Forbes’ annual Top-Earning Reality Stars of 2016 list. Perhaps the more remarkable finding was that every single one of the top-10, aside from honorable mention Bethany Frankel, hailed from the Kardashian / Jenner clan.read more
Source: Forbes
Published on Thu, 08 Dec 2016 12:56:00 GMT

Information

Economics is the social science that seeks to describe the factors which determine the production, distribution and consumption of goods and services.The term economics comes from the Ancient Greek οἰκονομία from οἶκος (oikos, "house") and νόμος (nomos, "custom" or "law"), hence "rules of the house (hold for good management)". 'Political economy' was the earlier name for the subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" to establish itself as a separate discipline outside of political science and other social sciences.Economics focuses on the behavior and interactions of economic agents and how economies work. Consistent with this focus, primary textbooks often distinguish between microeconomics and macroeconomics. Microeconomics examines the behavior of basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the entire economy (meaning aggregated production, consumption, savings, and investment) and issues affecting it, including unemployment of resources (labor, capital, and land), inflation, economic growth, and the public policies that address these issues (monetary, fiscal, and other policies).Other broad distinctions within economics include those between positive economics, describing "what is," and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational and behavioral economics; and between mainstream economics (more "orthodox" and dealing with the "rationality-individualism-equilibrium nexus") and heterodox economics (more "radical" and dealing with the "institutions-history-social structure nexus").Besides the traditional concern in production, distribution, and consumption in an economy, economic analysis may be applied throughout society, as in business, finance, health care, and government. Economic analyses may also be applied to such diverse subjects as crime, education, the family, law, politics, religion, social institutions, war, science, and the environment. Education, for example, requires time, effort, and expenses, plus the foregone income and experience, yet these losses can be weighted against future benefits education may bring to the agent or the economy. At the turn of the 21st century, the expanding domain of economics in the social sciences has been described as economic imperialism.The ultimate goal of economics is to improve the living conditions of people in their everyday life. (en)