Word: standardness
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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 to a pressing problem might not be one of money or programs but rather, one of culture...
...Swiss have a reason to be protective: the financial industry has afforded the small nation an enviably high standard of living, with massive capital inflows propping up its currency (the Swiss franc), making imported goods relatively cheaper. That's why maintaining bank secrecy has effectively been national policy for decades. As a Senate investigator, Blum got a taste of that when he tried to question a European representative for American companies in Switzerland who was suspected of commercial bribery. "I was personally warned by the Swiss ambassador that if I tried to talk with anyone about money hidden in Switzerland...
Chava E. Kenny ’12, a Women’s Center staff member who contacted Jenkins about facilitating the discussion, commented on the significance of such alterations. “If people are holding this as a standard of beauty and not realizing that it’s not real, that it’s distorted, a very unhealthy body image issue for young girls at an impressionable age is created,” Kenny said...
...ruling] is that this has been done under a Congress still in support of the Defense of Marriage Act,” she said. “D.C. is not a state, it is a federal territory, which means there is a direct conflict between what the D.C. standard is and what federal...
...standard procedure would then be to introduce each gene into yeast cells, grow the cells, collect and detect the amount of enzymes produced in each strain of yeast, and look for the most favorable strain. These are steps that, when performed with the traditional state-of-the-art robots, would have taken years and millions of dollars to complete...