Search results
Results From The WOW.Com Content Network
Stephen Butler (Born April 27, 1944) is the President and cofounder of Pension Dynamics Corporation. [1] He is known for the Butler Index and is the author of two books on 401(k) plans. Early life and education
Finally, the art of economics consists of looking not just at the immediate effects of a policy but at its longer-term effects for all groups. [3] Chapter 2, "The Broken Window", uses the example of a broken window to demonstrate what Hazlitt considers the fallacy that destruction can be good for the economy. He argues that while the broken ...
Debunking Economics: The Naked Emperor of the Social Sciences is a book by the economist Steve Keen about the problems with mainstream economics. The book was initially published by Zed Books in 2001, and a revised and updated version was published in 2011. [1] Translated versions were also published in Spanish, French and Chinese. [2]
The production possibilities frontier (PPF) for guns versus butter. Points like X that are outside the PPF are impossible to achieve. Points such as B, C, and D illustrate the trade-off between guns and butter: at these levels of production, producing more of one requires producing less of the other.
Davis is known for his work using firm-level longitudinal data to explore the dynamics of job creation, job destruction, and economic performance. In his 1996 book Job Creation and Destruction (co-authored with John Haltiwanger and Scott Schuh), he uses plant-level data from the manufacturing industry to examine how businesses and workers respond to changes in their economic environments.
Macroeconomics – branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. Microeconomics – branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources.
Episode 1 - Resources and Scarcity: What Is Economics All About? Wilderness preservation and WWII productivity show how society allocates and transforms resources. Episode 2 - Markets and Prices: Do They Meet Our Needs? Developer William J. Levitt's low-cost housing and Reggie Jackson's contract help explain the powerful forces of supply and ...
In Freakonomics, Levitt and Dubner argue that economics is, at root, the study of incentives. The book's chapters cover: Chapter 1: Discovering cheating as applied to teachers and sumo wrestlers, as well as a typical Washington, D.C.–area bagel business and its customers; Chapter 2: Information control as applied to the Ku Klux Klan and real ...