Search results
Results From The WOW.Com Content Network
In common usage, "significant" usually means "noteworthy" or "of substantial importance". In econometrics—the use of statistical techniques in economics—"significant" means "unlikely to have occurred by chance". For example, suppose one wishes to find if the minimum wage rate affects firms' decisions on how much labor to hire. If the data ...
Basic Economics is a non-fiction book by American economist Thomas Sowell published by Basic Books in 2000. The original subtitle was A Citizen's Guide to the Economy , but from the third edition in 2007 on it was subtitled A Common Sense Guide to the Economy .
A related term is tangentiality—it refers to off-the-point, oblique or irrelevant answers given to questions. [2] In some studies on creativity, knight's move thinking—while describing a similarly loose association of ideas—is not considered a mental disorder or the hallmark of one; it is sometimes used as a synonym for lateral thinking.
Some adults with right hemisphere brain damage may exhibit behavior that includes tangential speech. [4] Those who exhibit these behaviors may also have related symptoms such as seemingly inappropriate or self-centered social responses, and a deterioration in pragmatic abilities (including appropriate eye contact as well as topic maintenance). [5]
He gives as an example of Stage One Thinking, a State government which raises taxes on a business. The immediate result is more revenue for the State government. [2] However, over the course of time, that business might move bits and pieces of the company to another state or new businesses may choose another state to place a new factory.
Book I is broken down into six chapters that begin to define economics. The text starts by describing that economics and politics differ in two major ways, one, in the subjects with which they deal and two, the number of rulers involved. Like an owner of a house, there is only one ruling in an economy, while politics involves many rulers.
Alex Bernhardt, Principal, US Responsible Investment Leader, Mercer, said "It contains an excoriating critique of neoclassical economic theory and proposes a compelling and elegant alternative to the growth-at-any-costs mentality pervading political-economic thinking and practice today. There is much to be said for the practicality of this ...
In various economic papers and in the book Passions Within Reason, he discusses the idea that emotions have important roles in decision making and personal interactions, even when they seem to be irrational. For example, the emotions of love give more value to long term romantic commitment.