Should 'Scarcity' Be Part of the Definition of Economics?
Every economics textbook seems to have a definition of economics right in the first chapter. And all the definitions seem to have something to do with scarcity. Here are some real examples: Economics is the study of choices consumers, business managers ...
The relationship between single mothers and poverty is not as simple as it seems
Each dot on that chart represents a single metro area, with local upward mobility clearly declining as the share of single mothers rises. "The statistical power of this one variable is stunning," Mian and Sufi write, in considering the link between family ...
What was mercantilism?
[The chapter on scarcity ... of mercantilism in comparison to classical economics] Keynes, J.M. (1936) ‘Notes on mercantilism’ in The General Theory of Employment, Interest and Money. Available here. [Readable introduction to the link between ...
A look at how the action in Brazil can help investors make better choices
NEW DELHI: Unless you are into betting, there may seem no link between the tournament and your finances ... The past performance of a stock or a mutual fund should only be one of the guiding criterions to evaluate its prospects. Is the stock overvalued?
But they also reflect choices – choices about what to consume and how to produce it, choices about which of a number of energy ... link between growth and pollution — is shared by some people on the left, who believe that saving the planet means that ...