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The AUC student body represents over 50 countries. [2] AUC's faculty members, adjunct teaching staff and visiting lecturers are internationally diverse and include academics, business professionals, diplomats, journalists, writers and others from the United States, Egypt and other countries.
The measurement of economic worth over time is the problem of relating past prices, costs, values and proportions of social production to current ones. For a number of reasons, relating any past indicator to a current indicator of worth is theoretically and practically difficult for economists , historians , and political economists .
The United States has a highly developed mixed economy. [44] [45] [46] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). [47]As of 2024, it has the world's sixth highest nominal GDP per capita and eighth highest GDP per capita by PPP). [10]
The American University in Cairo Press (AUCP, AUC Press) is the leading English-language publisher in the Middle East. [ 2 ] The largest translator of Arabic literature in the world, AUC Press has a reputation for carefully selecting and translating the best writing being produced in the language today.
Although some spoke out in favor of moderate inequality as a form of incentive, [296] [297] others warned against excessive levels of inequality, including Robert J. Shiller, (who called rising economic inequality "the most important problem that we are facing now today"), [298] former Federal Reserve Board chairman Alan Greenspan, ("This is ...
The economic grievance thesis argues that economic factors, such as deindustrialisation, economic liberalisation, and deregulation, are causing the formation of a 'left-behind' precariat with low job security, high inequality, and wage stagnation, who then support populism.
In neoclassical economics, on the other hand, the preoccupation with society's long term growth and development inherent in classical economics was abandoned altogether; instead, economic analysis came to focus on the study of the relationship between given ends and given scarce means, forming the concept of general equilibrium theory within an ...
Princeton economics professor, Nobel laureate, and John Bates Clarke Award winner Paul Krugman argues that politics not economic conditions have made income inequality in the United States "unique" and to a degree that "other advanced countries have not seen." According to Krugman, government action can either compress or widen income ...