Word: economisters
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...based on available and salient information, which he began in 1969. Economics professor David I. Laibson ’88 provided post-lecture commentary, describing the major impact of Kahneman and other psychologists on the field of economics. To prove his point, Laibson presented a 2006 issue of The Economist with a cover story on “Happiness” and a 10-page report about the brain. “We’re losing on every dimension,” Laibson joked, referring to psychology’s gaining influence on economics. In a more serious tone...
Unfortunately, Obama’s track from 1863 to 2008 railroads the facts. Economist Thomas Sowell recounts reality in his book, “Economic Facts and Fallacies.” Today, African Americans have the lowest marriage rate of any racial group in the country, and lower labor force participation rates than whites. At the turn of the 20th century, however, blacks had higher marriage rates than whites. They also had higher labor force participation rates than whites in every census from 1890 to 1950. The problems that Obama cites are recent trends, not ancestral legacies...
...production, despite direct appeals for relief to Naimi from President George W. Bush and Vice President Dick Cheney. That's partly because they fear they could some day run dry of oil, leaving future generations without the key source of Arab wealth. "It's understandable," says Fatih Birol, chief economist of the International Energy Agency, a Paris-based watchdog organization for big oil-consuming countries. "Oil-producing countries have policies not to run down their reserves." And that, of course, will keep oil companies very profitable for decades to come...
...happiness, much of the interest in it stems from the 1974 discovery by University of Southern California economist Richard Easterlin that the happiness of a nation's inhabitants didn't necessarily rise with its GDP. But the recent explosion in happiness surveys has enabled a soon-to-be-published reappraisal by the University of Pennsylvania's Betsey Stevenson and Justin Wolfers, who find that happiness tracks per capita GDP pretty closely. Money really does matter. GDP does...
...latest shot is being fired by economist, actor and game-show host Ben Stein, with his documentary Expelled: No Intelligence Allowed, due out April 18. Stein nominally set out to make the case that academics who write about evolution are being muzzled or denied tenure if they so much as nod in the direction of intelligent design. It's impossible to know from the handful of examples he cites how widespread the problem is, but if there's anything to it at all, it's a matter well worth exposing...