Word: economisters
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...really should stop looking at what markets do on a daily or weekly basis, because they've become purely speculative. Economic reason has been tied up and shut in the cellar," says economist Marc Touati, director general of research and strategy group Global Equities in Paris. Touati adds that recent developments - including American and European bail out plans for banking and financial systems valued together at over $4 trillion and the drop in oil prices and value of the euro - have given markets lots of reason to be bullish big time. "But they're are acting like spoiled kids throwing...
Nobel laureate Stiglitz is University Professor at Columbia University. He was chief economist of the World Bank and chairman of President Clinton's Council of Economic Advisers
...quite engage us in a criticism of overconsumption or materialism, nor does he really champion the need for environmental sustainability. Stoll offers us mostly platitudes, empty truisms about the unnecessary excess of our commercial world. And yet these truisms are not entirely irrelevant. In the 1930s the economist John Maynard Keynes told us that the “ecosnomic problem” is not the permanent problem of the human race. One hundred years from now, he wrote, our grandchildren would have found a solution to that problem. But 80 years after the Great Depression, in the midst...
...Some of them were festooned with all kinds of different stuff," notes Auburn economist David Laband, the lead author of the study. Using the records from the November 7, 2006 Election Day, the economists figured out how many properties housed a resident who voted that year. In the statistical analysis, they controlled for two variables. The first was the assessed value of the homes, since those with more expensive property probably have higher incomes, and richer people are more likely to vote. The second was the number of years the owner lived in the house. The longer you're entrenched...
...makes intuitive sense that a person who pledges allegiances to the local football team would be more willing to back a favorite politician. "In many ways, politics is a spectator sport in which you get to rank the teams, or the candidates, through a vote," says Clemson University economist Robert Tollison. Also, politics and sports are both ideal outlets for those seeking a communal experience. "If everyone knows you're an Auburn fan, you can talk about the games with other people, and argue about tactics and the like," says Tollison. "It's easy to join the conversation...