The concept of equilibrium is one of the most central ideas in economics. It is one of the core assumptions in the vast majority of economic models, including models used by policymakers on issues ranging from monetary policy ...
Economics & Business
Feb 20, 2019
14
210
Diversifying into new industries is vital to an economy's ability to grow and generate wealth. But to branch out into new industrial activities, a city, region or country must first have a pool of people with the right mix ...
Economics & Business
Dec 21, 2018
0
53
How valuable is Facebook to its users, and how can you measure the value of the site when access is free? Three economists and a social media researcher pooled their work and expertise to assess Facebook's value to its users, ...
Economics & Business
Dec 19, 2018
13
247
A trio of economists is suggesting that it is time to add a well-being index to national economic measures. Carol Graham with the Brookings Institution, Kate Laffan with the London School of Economics and Sergio Pinto with ...
(Phys.org)—A small team of researchers from Columbia Business School, Stanford University and the Wharton School of Business all in the U.S. and the University of Cambridge in the U.K. has found a way to show that sellers ...
A long time ago in a galaxy far, far away…
Economics & Business
Dec 2, 2015
23
2250
(Phys.org)—Over the last decade, many people got a tough primer on the effects of economic bubbles, as the bursting of the 2007-2008 housing bubble sent shockwaves through most of the major world economies. But property ...
Much has been thrown at left-handed people—they are quick to anger, quickly scared and, with the exception of heads of state, are more or less life's losers. Much too has been bestowed upon left-handed people—they are ...
(Phys.org) —Economists often measure rates of entrepreneurship by looking at the number of small businesses in an industry or a country. However, in a study published in the Proceedings of the National Academy of Sciences, ...
When it comes to economics versus psychology, score one for psychology. Economists argue that markets usually reflect rational behavior—that is, the dominant players in a market, such as the hedge-fund managers who make ...
Economics & Business
Jul 1, 2013
17
0
