Word: economice
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Nature lovers might cringe at the term "ecosystem services" to describe, say, the view of a pristine beach or a stream teeming with trout. But a growing number of experts within the scientific and economic communities say that putting real economic value on components of nature will help protect the...
This theory has been brought to the fore by the groundbreaking new book, Identity Economics, by economists George Akerlof and Rachel Kranton. The two begin their investigation of students’ incentives with the traditional economic model in which students weigh the monetary costs and benefits of education. Then, however...
Identity economics shows us that social incentives and norms crucially influence economic choices and decision-making. Through incorporating this new idea into standard microeconomic theory, we can change the way we view various challenging policy issues. Ironically, this new path of economic study might show us that sometimes the solution...
There is, perhaps, another factor as well. Instead of coming up through Harlem's political machine, the newest batch of African-American leaders - stars such as Obama, Newark Mayor Cory Booker and Alabama Representative Artur Davis, Rangel's colleague on Ways and Means - have risen through the traditional channels of...
Over the years, the Swiss government has also skillfully doled out intelligence dollops to its American counterparts to keep the U.S. government from pressing too much. That may have been one reason recently retired Manhattan district attorney Robert Morgenthau, who had butted against Swiss bank secrecy repeatedly since the 1960s...