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The 2021 Nobel Memorial Prize in Economic Sciences was divided one half awarded to the American-Canadian David Card (born 1956) "for his empirical contributions to labour economics", the other half jointly to Israeli-American Joshua Angrist (born 1960) and Dutch-American Guido W. Imbens (born 1962) "for their methodological contributions to the analysis of causal relationships."
The current editor-in-chief is Erzo FP Luttmer, a professor of economics at Dartmouth College. [1] The journal is based in Pittsburgh. [2] In 2004, the American Economic Review began requiring "data and code sufficient to permit replication" of a paper's results, which is then posted on the journal's website. Exceptions are made for proprietary ...
The model of doughnut economics. Oxford economist Kate Raworth presented her 13 February 2012 Discussion Paper, "A Safe and Just Space for Humanity: Can we live within the Doughnut?", prior to the Rio+20 United Nations Conference on Sustainable Development. The doughnut-shaped visual framework illustrates a safe space between "planetary ...
As of 2024, Journal Citation Reports gives the journal a 2023 impact factor of 5.0, ranking it twenty-fourth of 231 journal titles in the category "Business, Finance" and fifty-third of 597 in the category "Economics". [1] It is abstracted and indexed in Scopus, Social Sciences Citation Index, INSPEC, EconLit, and PAIS International. [6]
Most IGCSE subjects offer a choice of tiered examinations: Core or Extended papers (in Cambridge International), and Foundation or Higher papers (in Edexcel). This is designed to make IGCSE suitable for students with varying levels of ability. In some subjects, IGCSE can be taken with or without coursework.
Samuelson considered mathematics to be the "natural language" for economists and contributed significantly to the mathematical foundations of economics with his book Foundations of Economic Analysis. [9] He was author of the best-selling economics textbook of all time: Economics: An Introductory Analysis, first published in 1948. [10]
Supply-side economics is a macroeconomic theory postulating that economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade. [1] [2] According to supply-side economics theory, consumers will benefit from greater supply of goods and services at lower prices, and employment will increase. [3]
In their economics textbook Principles of Economics (7th edition), economists Karl E. Case of Wellesley College and Ray Fair of Yale University state "The Laffer curve shows the relationship between tax rates and tax revenues. Supply-side economists use it to argue that it is possible to generate higher revenues by cutting tax rates, but ...