Economics

The girls pull the senior home tens Economics class were milling around and vocabulary through the bell to spring the fifth title rang. " Okay, ladies, please share your seats, " Mrs. Wells ordered, " and parent absolute snappy whereas we keep a lot of ground to cover today! " A few moments sequential when everyone was pull their assigned seat the fortyish teacher offered, " That ' s more valuable

Dow Jones Lowest Since The Great DepressionThe ongoing recession and global economic shock pummeled stocks this year, with the Dow Jones industrial average slumping 36.2 percent. That's the biggest drop since 1931 when the Great Depression sent stocks reeling 40.6 percent.The Standard & Poor's 500 index is set to record the biggest drop since its creation in 1957. The index of America's bigges

This video is from the Center on Freedom and Prosperity, a “non-profit organization created to lobby lawmakers in favor of market liberalization. The top project of CF&P is the Coalition for Tax Competition, which is fighting to preserve jurisdictional tax competition, sovereignty, and financial privacy.”  It explains why deficit spending will not only be ineffective [...]

Scholarships for the Graduate Program in Economics and FinanceCEMFI, Madrid, SpainVarious graduate scholarships are available to the students planning to start a Masters or a PhD course in Economics and Finance at CEMFI Madrid, Spain.Deadline : 06 February 2009 (for first round)Masters in Economics and FinanceIt is a 2-years full-time program intended to prepare students for a wide range of career

Winning the Nobel Prize should brighten the spirit, especially since it comes with a $1.3 million cash prize. Not so for Paul Krugman, this year's winner for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Academia Vitae and Erasmus Unversity in the Netherlands are pleased to introduce an excellent international summer program in cultural economics: Value of Culture. This course examines how that relationship affects our work and has influence on the work of others. It explores the tension between the world of economics and the world of the arts, the practices of cultural entrepreneurship, the

Credit card debt is one of the worst burdens we as Americans carry around throughout our lives. A successful credit card debt settlement is a second chance at living debt free. Credit card debt settlement is an excellent way to get debt relief. Once you are done with your credit card debt settlement, you are assured of a much better life. All those nagging collection calls and threatening letters

Applications are now being accepted for the Japan-IMF Scholarship Program for Advanced Studies in Economics. The Institute of International Education (IIE) is pleased to announce that it is accepting applications for the Japan-IMF Scholarship Program for Advanced Studies in Economics. This is a scholarship awarded by the International Monetary Fund to Japanese nationals currently pursuing or

A rose is a rose, a recession is a recession, no need to get 'technical' about it.'Technical' recession possible: FlahertyPrime Minister Harper says Canada is facing a "technical recession"Canada to be hit by recession, 7.5% jobless rate, OECD warnsOshawa's 96% jump in employment insurance recipients leads countryNumber of Canadians on EI rises 3.9 per cent from last year: StatsCan More working C

The Agri-food & Agri-environmental Economics Group of ETH Zurich (www.afee.ethz.ch) invites applications for a Ph.D position. The Ph.D. student will work in the project “Climate change and agricultural production risks – AGRISK” in the framework of the National Centre of Competence in Research on Climate (NCCR Climate), which is an interdisciplinary scientific network bringing

To Save or Not To Save?A prominent feature of the past few years has been a marked decline in the savings ratio. The UK Savings ratio has fallen from 13% in 1992 to a record low of 1.1% in September of this year 2008. In the US, saving ratios have fallen by a similar amount.Many economists suggest that the current financial turmoil reflects a lack of prudence by both consumers and financial instit

Scholarships for the Graduate Program in Economics and Finance, CEMFI, Madrid, Spain At CEMFI we train students for careers as professional or academic economists. Our graduates acquire the quantitative tools and research skills to work as economists in business, finance, government, and academia. The basic graduate offering at CEMFI is its highly prestigious Master in Economics and Finance.

Academics at Berkeley used the "Storm botnet" network to blast 350 million emails for "male enhancement products" at a cost of about $80 per million emails sent. 28 sales resulted with an average purchase price of $100. They estimated that such campaigns when fully utilising the network could mean gross revenues of $7,000 to $9,500 a day, or $3.5 million a year for the spammers.First read in The R

In the political world, we often hear a clamour for tax cuts. Tax cuts are often presented as a solution to many economic problems, and of course, they are popular with the electorate. But, what is the economics behind tax cuts. Will tax cuts really boost economic growth? will tax cuts boost productivity?Tax Cuts and Aggregate DemandIt is often argued tax cuts will boost spending and help recover

Economics 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)".[1]Current economic models developed out of

Young Research Fellows in Economics, IMT Institute for Advanced Studies, Lucca, Italy IMT Institute for Advanced Studies invites candidates active in research areas such as Applied Economics, Applied Public Economics, International Economics, International Trade, Industrial Organization, and Political Economy to apply for Faculty Positions at the Assistant Professor and Post-Doctoral Fellow level

One of the amusing things about the American election, was seeing a Republican support ask the Obama team whether Obama was a Marxist.However, vague Obama might have been in his campaign speeches, I never heard a plan to take private enterprise into common ownership and redistribute 'to each according to his need'. Whatever Marx might have said about Marxism, I'm sure it wouldn't have included vot

HM Treasury - Cabinet Office Sir Nicholas Stern, Head of the Government Economic Service and Adviser to the Government on the economics of climate change and development, is delighted to present his report to the Prime Minister and the Chancellor of the Exchequer on the Economics of Climate Change: Full report Executive Summary and Executive Summary in other languages Posts

Do you have an economics paper due soon? Finding it difficult to come up with a great and unique idea for your paper? Can't find the inspiration for your economics paper? If so, you are certainly not alone. That is why so many people choose to use hired professional writers for their economics paper or any other college paper due.If you need unique and captivating content that will wow whoever is

Most of us are aware that Europeans pay a lot more than Americans do, when it comes to domestic fuel prices. Oil prices in Europe have been high since ages, when fuel in the USA was sold at $2/gallon; it was roughly priced at $5/gallon in many parts of Europe. The reason for such a [...]

Young Paddy, bought a Donkey from a farmer for 100 Euros.  The farmer agreed to deliver the Donkey the next day. The next day he drove up and said, ‘Sorry son, but I have some bad news, the donkey died.’ Paddy replied, ‘Well,then just give me my money back.’ The farmer said, ‘Can’t do that. I went [...]

In the Autumn of 2008, the Sir Ratan Tata Foundation at the London School of Economics & Political Science (LSE) will invite applications for the `Sir Ratan Tata Fellowship’ now in its twelfth year. Applicants should be established scholars in the social sciences with experience of research on South Asia. Applicants should hold a PhD or comparable qualifications and experience - the fellowsh

In the Autumn of 2008, the London School of Economics & Political Science (LSE) will invite applications for the `C.R. Parekh Fellowship’. Applicants should be established scholars in the social sciences with experience of research on India. Applicants should hold a PhD or comparable qualifications and experience - the fellowship is not intended for students registered for a degree or diplom

American Express (AXP) decided to pole axe 7,000 poor souls. As is true with most mass firings, it is driving the company's stock higher, in this case by 5% to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Unless you’ve been on a raft in the middle of the Pacific this last month, you’ve noticed more than a few financial sharks circling around your microISV or startup. The Credit Crunch, Iceland - the hedge fund with glaciers - hitting the Titanic of ansy bankers and locking up more than few billion pounds in the [...]

Economic forecasting agency, Capital Economics, are predicting that house prices will fall 35% by next autumn, from their peak of last summer. Previously, the organisation had forecasted that prices would fall 35% by 2010, but in the wake of the economic downturn, the fall will be much quicker. Prices are then predicted to remain unchanged for 18 [...] More: Capital Economics predict 35% fall in

The Rails to Trails Conservancy has a new report out today entitled Active Transportation for America: A Case for Increased Federal Investment in Bicycling and Walking. The report outlines the roll walking and biking plays in our national transportation system. For the first time, the economics of biking and walking have been quantified (with numbers) as well as quantified.Read the full report

After decades of Monetarism and free market liberalism, it seems 'Keynesian economics' is coming back into fashion.The term 'Keynesian economics' is a loose one. But, basically involves more government intervention, such as spending more in a recession to try and stimulate the economy. In particular, Keynes was an advocate of greater public spending during a time of recession.In a recent post, I s

Memo to prostitutes: YER DOING IT WRONG. About fifty blocks east of my area is 82nd Street. The area has gained notoriety lately because of its indigenous population of streetwalkers – also known as “ladies of the night.” The local police have been kind enough to look the other way, as they prefer that all of [...]

STOCKHOLM (Reuters) - U.S. economist Paul Krugman, a fierce critic of the Bush administration for policies that he argues led to the current financial crisis, won the 2008 Nobel prize for economics on Monday. The Nobel committee said the award was for Krugman's work that helps explain why some countries dominate international trade, starting with research published nearly 30 years ago. While

Paul Krugman, whose relentless criticism of the Bush administration includes opposition to the $700 billion financial bailout, won the Nobel prize in economics Monday for his work on international trade patterns.The Princeton University professor and New York Times columnist is the best-known American economist to win the prize in decades.The Nobel committee commended Krugman's work on global trad

I was worried that the Nobel Committe were going to give this year's nobel prize for Economics to an economist who did work on the benefits of free, deregulated financial markets.Thankfully, they choose not to embarass economists. Instead they gave the prize to Paul Krugman.With his column at the New York Times and several books, he has done a lot to demystify economics and point out the failings

Via email… Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men (the poorest) would pay nothing. The fifth would pay $1. The sixth would pay $3. The seventh would pay $7. The eighth would pay $12. The ninth would pay $18. The tenth man (the riches

A recent movie called Zeitgeist: Addendum introduces a concept called Resource-Based Economy from The Venus Project as a replacement to our current fiat based fractional reserve monetary system. The movie raises a lot of questions and observations and I will address here only a few of them based on the article only. Medium of Exchange, Barter, and [...]

When the savings and loan industry collapsed, Keating’s failed company put taxpayers on the hook for $3.4 billion and more than 20,000 Americans lost their savings. John McCain was reprimanded by the bipartisan Senate Ethics Committee, but the ultimate cost of the crisis to American taxpayers reached more than $120 billion. The Keating scandal is eerily [...]

The long held premise is that the fundamentals of the American economy are based upon free market principles, supply and demand. If there is an over abundant supply of something, demand goes down and prices fall. Look no further than the auto industry and what is happening to sales of gas guzzlers. Huge discounts are [...]

Interesting math behind this industry, or why you really should consider matched - betting, instead regular, risky one.SCOTTISH FINANCIAL wizard John Law is remembered, among other things, for setting up France's first central bank in the early 18th century. Like a lot of people who work in that business, he was fond of a bet.One of his favourite tricks was to offer people odds of 10,000-1 that th

Editorial Reviews Why do so many otherwise rational individuals make irrational decisions when it comes to money? Financial journalist Gary Belsky and Cornell University psychology professor Thomas Gilovich contend the answers can be found–and the deficiencies remedied–with help from a relatively new science called behavioral economics. Still largely unknown outside academic [...]

Assim como a Economia do Bem Estar e a Escolha Pública, a Nova Economia Institucional é um desdobramento da teoria neoclássica. Assemelha-se a Escolha Pública, mas reintroduzindo o Estado no modelo.A onda neoliberal e o discurso da ausência do Estado transformam os governos em agentes sem poder, principalmente quando se trata do processo liberalizante por qual passou os paises subdesenvolvido

Thinking further about the economic issues that I touched on in my last post, it's so hard to get one's brain around what's happening here in the U.S. this week. With such dire news and warnings of financial Armageddon, how does one tease out the truth from all of the hyperbole?Articles abound about what will happen if the bailout doesn't pass. Blame is passed from hand to hand. But where do we or

John Kenneth Galbraith and the Future of EconomicsAuthors Blandine Laperche (editor)Dimitri Uzunidis (editor)Publisher Palgrave Macmillan Publication date January 31, 2006 Pages 252 Book category Adult Non-Fiction ISBN-10 1 403 996 164ISBN-13 9 7814 0399 6169This book examines the life and works of John Kenneth Galbraith and demonstrates how his non-conventional appro

Photo by dearoot A New Kind of Curse Word Privatization. Deregulation. Free Trade. These are the curse words progressives have been using to damn those of us who still believe in their benefits. This might surprise you, but my faith in the free market has been strengthened, and yours should too. Why? Recent events serve to solidify years of economic thought hypothesizing that free markets work,

by Rep Ron Paul The financial meltdown the economists of the Austrian School predicted has arrived. We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to [...]

Thanks to MathTeacher’s comments in the previous post, I will stop dreaming of ways to spend all that money and get back to work LOL! Just also shows how much “we the people” would love a bit of help from our government versus the elite always getting a helping hand. The state of affairs worsens [...]

(Note: This is my eighth post under the auspices of the nurse blogger scholarship which I recently received from Value Care, Value Nurses.)So, as the bad news splashes across the headlines and the denizens of Wall Street throw up their hands to ward off the falling sky (that they themselves created), the elderly here in the United States are facing some tough economic times of their own as we turn

UPDATE: Sunday morning - keep in mind this guy is only talking about $85B while the government is proposing a $700B bailout! Okay, now just as a whim a good friend of ours sent this email along. It may have started out as a joke, but it’s anything but. This actually MAKES SENSE - a hell [...]

RANT!O'Reilly's Economic Spin Zone"Populist Pinhead"Bill O'Reilly has a Masters Degree in Broadcast Journalism and another in Public Administration, but apparently, he got thrown out of Economics--because he's functionally illiterate in the subject.Anyone who's watched The O'Reilly Factor knows that if the host were paid a nickel every time he spouted an economic inanity, he'd be a multimillionair

In The New Economics, Deming jerkily outlines a management philosophy that breaks from popular understanding. He critiques faulty practices of management before explaining what is needed to improve the situation.

  Technorati tags: Ron Paul, Peter Schiff, economics, CNN, FOX News, bailout

Divisions of Economics Production - this refers to the process of producing or creating goods needed by the households to satisfy their needs. Distribution - this refers to the marketing of goods and services to different economic outlets for allocation to individual consumers. Exchange - this is a process of transferring goods and services to a person or [...]

Dear Mr. Barack Obama, do you still remember the video made by an veteran from Iraq. Today another Dear Mr. Barack Obama video has been made, with a very informative economics 101 lesson for Obama. Many audience are very surprised coz what an accurate and true talk it is. Again, Obama, what do you think? Related [...]

One of the issues I often teach is how house prices affect consumer spending and economic growth. The logic is:House prices are the biggest form of consumer wealth in UK and US.A rise in wealth causes rising spending because:Increased wealth increases consumer confidence.Higher house prices enables you to remortgage against the value of your house and spend the equity released.Similarly, a fall in

Readers Question: According to Emerson: “want is a growing giant whom the coat of Have was never large enough to cover.” According to economist, why does “want” exceed “have”?This strikes at the fundamental problem of economics – a scarcity of resources. Because there is a scarcity of resources, our desires (wants) are greater than available resources. Therefore, economic issues spri

New Zealand: Researcher Position in Economic Modelling, Landcare Research We are seeking an experienced and motivated Researcher to join our economic modelling team, conducting leading policy-oriented research into environmental and sustainability issues. If you have a PhD and at least two years post-doctoral experience in resource, environmental, ecological (or other relevant branch) of applied

The communist central government in China is starting to sweat a slowdown in the national economy of the world most populated country. It has begun to dawn on... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

It would be a heartless soul who wanted to stop federal aid to places devastated by floods. Yet, are there any good economic reasons for appearing to be heartless?Some areas are very prone to flooding (e.g. New Orleans) Because they are prone to flooding, house prices will be lower than average. Therefore, vulnerable areas of housing often attract low income households. Therefore, when floods hit

Engineering Economics for Telecom & Media Technologists is a practical guide towards planning and operating a media driven network using basic fiscal management processes. This is a back-to-basics book. This book is partly an engineering economy textbook and real-world network financial management handbook. This book is blunt and to the point. This book is to be used by all technologists opera

ENGLISH VERSION Isabel Montals, as representative of bcn welcome services, will participate in the "International Brenchmarking Forum 2008" as speaker, presenting the expats' perspective, in Basel (Switzerland) from the 3rd to the 5th September. Regional Attractiveness is the main topic of the 2008 Conference of the annual highlight of BAK Basel Economics. VERSION EN ESPAÑOL Isabel Montals, repr

Economics is concerned with the optimal distribution of scarce resources. Since the environment is by definition a scarce resources, in theory, economics should be able to play an important role in protecting the environment and overcoming the market failure that is often the cause of environmental problems.The difficulty is in incorporating environmental values into traditional economic models. B

The administration of therapeutic drugs via injection is an indispensable delivery method for numerous drugs critical to patient health and well-being. Now this segment is evolving in response to changing patient populations, new classes of powerful therapeutic drugs, and healthcare administration initiatives. Population demographics and efforts by managed care providers to control healthcare cost

PhD Student in Economics The chair of “Macroeconomics: Innovation and Policy” has a job opening for a PhDposition. We are interested in candidates who have completed the equivalent of a Masters...

By: Roshawn WatsonYesterday, we discussed why European shoppers are taking over New York. That begs the question though: where have all of the American New York shoppers gone? Image Credit: crizlaiAmericans are becoming increasingly more inclined to spend less as we distance ourselves from stores such as Neiman Marcus, Jimmy Choo, and Best Buy. Although not everyone has changed, several indicator

I have long been waiting for the Law and Economics blogging professor duo from the University of Chicago - Judge Richard Posner and Gary Becker - to address gay marriage on their blog. Well, the wait is over, as they both specifically addressed the issue today. See Judge Posner's post The Economics of Gay Marriage and Gary Becker's post Should Gay Marriages be Allowed? Gary Becker's piece is

I have long been waiting for the Law and Economics blogging professor duo from the University of Chicago - Judge Richard Posner and Gary Becker - to address gay marriage on their blog. Well, the wait is over, as they both specifically addressed the issue today. See Judge Posner's post The Economics of Gay Marriage and Gary Becker's post Should Gay Marriages be Allowed? Gary Becker's piece is

Innovation is good. Monopoly is bad.Patents encourage both.The argument is that inventors need the incentive of a patent to develop new products. Without patents and the prospect of monopoly profits, it is argued there would be less inventions and society would be worse off. Therefore, although monopoly is bad, patents are seen as the best solution.Supporters of patents will say that although they

Economics came from the greek word “oikonomia” which means “household management”. According to Fajardo: -Economics is the proper allocation and efficient use of available resources for the maximum satisfaction of human wants. According to Samuelson: -Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among the p

A report by the BBC suggested that last year only 3 people trained to become Economic Teachers. [link] As an economics teacher I should be happy, - a shortage of supply should in theory push up our wages. Alas, when it comes to the setting of wages for economics teachers, market forces seem to mysteriously disappear (either that or our Marginal productivity is much lower than we would like to beli

With so many campaign speeches and TV ads, what is really going on with the positions of the candidates?

It was reported today that the budget deficit of the United States will hover around $482,000,000,000 for the year 2009. What does the White House blame for this deficit? Of course, the most typical response is the sagging economy, but then they have another blunder to add to the pile of blame: the absurd stimulus [...]

Name: Aguti Santa Maria Q: i com pleted a bachelor's degree in Economics. i dont know what next to do. i wantr to switch careers to IT if i fail to get something better to do. would it be advisable to do a masters in development economics?

University of Tsukuba offers Policy Management master program.This Program has been operating from April 1995 and it is the oldest Partner Program in Japan of the Joint Japan/World Bank Graduate Scholarship Program, a large scholarship program funded by the Government of Japan and managed by the World Bank Institute in Washington. In addition to that [...]

ALMA MATER STUDIORUM – UNIVERSITÀ DI BOLOGNA AREA DELLA RICERCA - SETTORE FINANZIAMENTI ISTITUZIONALIUFFICIO FORMAZIONE SCIENTIFICA POST LAUREA OFFICIAL ANNOUNCEMENT 1Call for applicationPhD in Economics – Deadline June 30, 2008The PhD in Economics at the University of Bologna is carried out in respect of the following main and general rules and regulations:art. 4 of the [...]

My recent essay on Keynesianism vs Monetarism raised the issue of ideological beliefs amongst economists. It is hard to avoid associating yourself with a particular school of economics or certain ideology. But, if we become too attached to a set of beliefs it can cloud our judgement. What happens is we start to look for evidence to support our preconceived ideas, rather than looking at evidence an

Germany: PhD Scholarships in Environmental Economics & Earth System Modelling, Hamburg University PhD Scholarships (Environmental Economics and Earth System Modelling) The International Max Planck Research School on Earth System Modelling (IMPRS-ESM), in Hamburg, Germany, is a PhD program jointly offered by the Max Planck Institute for Meteorology and the University of Hamburg. The School c

PhD Scholarship Environmental Economics & Earth System Modelling Hamburg Beasiswa dari Max Planck Institute (salah satu institusi ber-reputasi dunia berkedudukan di Jerman) di bidang ekonomi lingkungan dan pemodelan sistem bumi. Bidang yang saat ini sedang cukup berkembang dalam diskursus dan juga aplikasi. Terutama dalam konteks sistem sosial ekologi. Jabat erat, Radja PhD Scholarships (E

I've selected 2 post for this week's economics blog carnival; ironically they are from different sides of the political spectrum.Firstly, a thoughtful post at Enviro Human about the impact of $4.00 gas. Some useful points, including a mention of how many developing countries are subsidising oil. This is an interesting point and explains why demand is continuing to rise despite the rising prices. A

Name: Trinity Kashyap Q: what do i do after doing Masters in Economics and is doing masters in economics a good option for my future?

Name: Rinchen Gyalchan Q: I am doing MA Economics and i want to know that what is the good career options after doing MA in economics.?

If you have a blog on Economics, you might like to add your best post to our forthcoming blog carnival - Carnival of the Economists. If you don't have a blog you can still suggest your favourite Economic Article.A blog carnival is simply a way of sharing the best posts from a certain niche. I will post the carnival next Tuesday. If you would like to submit a post you can do it here - Carnival of t

Thanks to reader David Dyer, who pointed out this interesting article on the origins of economics being called the Dismal Science. 150 Years and still dismalIt appears that the term 'dismal science' was first coined by Thomas Carlyle, in December 1849, “Occasional Discourse on the Negro Question” in the London monthly Fraser’s Magazine.In particular, Carlyle was criticising the economists b

Australia. University of Queensland. Each year The School of Economics offers three-years scholarships for outstanding International students who are seeking admission to the Bachelor of Economics (BEcon) degree at The University of Queensland (UQ). The scholarships covers 50% of international student’s tuition fees. Eligibility International students completing Year 12 or Foundation Yea

11 lessons to teach our kids drawn from a monopoly game I just finished I remember monopoly being one of my favorite games. I remember getting filled with anxiety before the first throw of dice hoping no one gets to my rail-roads before I do. I used to love winning and really hate losing in monopoly. There’s something really eternal about this game.Looking back at it I can’t say I remember mon

In an interview with ABC this morning from Columbia, John McCain was asked about his now infamous statement that he doesn’t understand economics well. McCain quickly interrupted the interviewer, denying he ever said this. However, McCain has a long, documented history of saying he doesn't understand economics, and one of his top aides said contradicted him earlier this month when he started sayi

By: Brendan Lee Today there are a few economics data announcements, the most important and impactful ones are Non-farm payroll and Unemployment rate. Both of these data are announced at the same time. The timing in the calendar below is based on GMT + 8 hours. The 1st number of the left is the previous announcement figure, [...]

Performance vs economics?The Prius is the darling of auto-buyers at the moment for its hybrid technology and huge miles per gallon return.But the BMW M3 is made for performance. How do these two cars perform when going on the Top Gear test track?The only issue is that this is a very one sided test.The BMW was drafting the Pruis through the test track drive.The performance driving aspect yields les

The Middle East Forum - As the Status of Democracy Index shows, democracy in the Middle East and North Africa is the exception rather than the rule. Lebanon and Turkey, each with a 61 percent score, rank the highest. Only Algeria (52.7 percent) and Egypt (50 percent) score in the upper two quadrants. In descending order, the rest of the Middle East and North African countries are: Jordan (47.2 per

I stumbled across a website called SafeBreeder which has an article titled “The Economics of Puppy Mills”. The article highlights various issues related to animal rights and the inhumane way in which the animals in puppy mills are treated. With an estimated 500,000 dogs being born in puppy mills every year in the U.S. alone, this [...]

Readers Question: What is the Importance of Economics?This is a very open ended question. We could write anything between 20 words and a whole book.I would suggest the main importance of economics is helping society decide the optimal allocation of our limited resources.In particular economics is important in these areas.How to manage the macro economy.Economists can advise governments how to mana