IN SEPTEMBER 1843 James Wilson, a hatmaker from Scotland, founded this newspaper. His purpose was simple: to championfree trade, free markets and limited government. They were the central principles of a new political philosophy to which Wilson adhered and to which The Economist has been committe...
Scarcity is the central problem of economics. Explain. Economics is the study of scarcity & choice. If there was no scarcity in a society, than what would the role of the economy be? What are the three basic economic problems in the study of economics?
This is also of importance in the context of climate justice10, as well as to key societal actors, including governments, central banks and private businesses, which increasingly require the inclusion of climate risks in their macroeconomic forecasts to aid adaptive decision-making11,12. On the ...
Economics continues to struggle with gender representation throughout the education pipeline. One reason that has been highlighted for this problem is the preseAvery, MalloryCaldwell, JaneSchunn, ChrisWolfe, KatherineSocial Science Electronic Publishing...
School of Economics and Management, University of Minho, 4710-057 Braga, Portugal 3 Department of Management and Economics & NECE—Research Unit in Business Sciences, University of Beira Interior, 6201-001 Covilhã, Portugal 4 REMIT—Research on Economics, Management and Information Technologies, Uni...
After confirming the standardized compensation area, another important issue is the determination of how much beneficiary regions should pay to supplier regions. Using the methods in Table 2, the cropland value standard for compensation, i.e., the payment per unit area made by the beneficiaries, ...
Micro-, small and medium-size enterprises play an underappreciated and outsized role in the global economy, accounting for 90% of businesses. Yet small businesses struggle with productivity in comparison with large companies, despite them playing a central role in economic growth. Recent research fro...
GDP at 70: why genuinely sustainable development means settling a debate at the heart of economics Researchers advocating reform of the world’s main measure of growth have an opportunity to participate in the process that sets the rules. Editorial9 Aug 2023 Nature Clean energy can fuel the ...
In China, the state founded by the people under CPC leadership is called the People's Republic of China; its government is called the people's government, the armed forces are called the People's Liberation Army; and Party officials are people's servants. The Party Central Committee's newspa...
The reason is that optimal monetary policy wishes to manipulate the terms of trade. Nevertheless, a central and very robust policy implication of the PCP paradigm, under a variety of configurations, is that flexible exchange rates, accompanied by a domestic inflation targeting policy rule, provide ...