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    Classical Economists

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    As a coherent economic theory, classical economics start with Smith, continues with the British Economists Thomas Robert Malthus and David Ricardo. Although differences of opinion were numerous among the classical economists in the time span between Smith’s Wealth of Nations (1776) and Ricardo’s Principles of Political Economy and Taxation (1817), they all mainly agreed on major principles. All believed in private property, free markets, and, in Smith’s words, “ The individual pursuit of private

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    This is the time for the newspaper industry, The Economist in particularly, to fully explore alternative news delivery platforms, such as mobile phone and the Internet. “Old media” is no longer support the demand, and people tend to use more tablets and mobile phone rather than buy printed newspapers (Musil, 2013). Nevertheless, a simple change of platform is not guarantee of success. Transformation in the Economist demands an ambitious agenda: - A better understanding of the forces reshaping the

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    Economic theories are as wide as an economist's vision to think. In the Steven Landsburg book The Armchair Economist - Economics and Everyday Life, Landsburg takes many of these economic theories and relates them to everyday type scenarios and makes them understandable to a beginning economist. He breaks his book into six sections each relating to different types of economics, from personal to national theories. Landsburg talks about the power of incentives in his first chapter. What he

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    Principal Economist

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    Principal economist. The key role of my job is to provide high quality economic advice to enable well rounded and informed policy judgments. I am also required to analyze competition and regulatory issues and concerns and apply standard economic analysis to conduct investigations and inform decisions on regulation and deregulation. This role will involve drafting and presenting policy proposals and economic advice to the Executive Board. It provides oversight for the administration and research

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    products. A major area of concern among economists is opportunity costs. Opportunity costs are the products that are given up for another product. Because we have a limited amount of resources, we must find the most efficient way to use them. Production possibilities are the alternative combinations of all final goods and services that can be produced in a given time period with all available resources and technology. The main objective of economist is to maintain maximum output in production

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    Rising Of Inequality The article of the 1%, by the 1%, for the 1% is written by the famous American economist Joseph E. Stiglitz, who won the Noble prize in economics, tells us about the growing inequalities between the upper class people and the middle class people. The main purpose of this article was to focus on rising inequality in economy of the United States of America. The article gives us insight about the change in economy in past and present. Joseph starts by giving numbers to mention the

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    The Necessity of Positive and Normative Economics Keynes once wrote: “The object of a positive science is the establishment of uniformities, of a normative science the determination of ideals.” (Blaug, 122) This is the dichotomy that economists recognize when approaching their field of study. The social scientist must recognize both positive and normative distinctions, means and ends, as important factors of fruitful research. Secondly, they must clearly express the conditions and assumption which

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    Henry Carey

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    Henry Charles Carey 	One of the most highly regarded and best known economist of the early eighteen hundreds was Henry Carey. Of all the many American economists in the first half of the nineteenth century, the best known, especially outside of America, was Henry Carey. Being born in Philadelphia, Carey's views were that typically of an American. The manor, in which he opposed other economists and established his own theories, distinguished him as a prominent figure not only in his hometown

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    Rationale

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    This article “Imitating is a theft” is chosen by teacher from “The Economist” online newspaper. There are two reasons for choosing this kind of reading text for this class. As Dudley-Evans & St John (1998: 41, in Hyland’s, 2006, p.9) asserted, the need of students in learning English for Academic Purpose is one of the utmost significant elements in learning language. Therefore, as scholars studying business, students of this class should be provided with suitable learning lessons with economy-driven

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    Thomas Robert Malthus

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    Malthus Thomas Robert Malthus was a well-known economist as well as a clergyman. He was born on February 13th, 1766, in Surrey, England, and was the sixth of seven children. Malthus attended Cambridge in 1784 and graduated four years later with honors in mathematics. In 1789, Malthus became a deacon in the Church of England and curate of Okewood Chapel in Surrey. In 1798, he anonymously published his renowned work An Essay on the Principle of Population as it affects the Future Improvement of

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    Economics

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    what resources the society controls and which ones the society needs . Tied in with this factor of resources you can get an idea of which countries have leverage over other countries . An economist how a society or government meets the needs and wants of the populace , either through production or commerce . Economists see the world as a) profitable b) unprofitable c) and they see opportunity costs . By viewing the world in such a manner they are able to help in the decision making involved with money

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    Oil and Saudi Arabia

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    May 2004). ?Plots and bombs,? The Economist, May 1 2004: 47. ?Still at its mercy,? The Economist, May 22 2004: 10 ?The limits of reform,? The Economist, Mar 27 2004: 47. ?US Challenges and Choices Saudi Arabia: A View from the Inside,? The Atlantic Council of the United States, The Middle East Institute, The Middle East Policy Council, and The Stanley Foundation, <http://reports.stanleyfdn.org/EFCgulfh02.pdf> (May 31, 2004). ?What if?? The Economist, May 29 2004: 69. William Powell

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    Bloomsbury and Its Make-Up

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    been well told(Dowling 11). "The Bloomsbury Group, an informal coterie of writers, artists and critics who settled early this century in the district of that name in London, has long been in danger of suffocating beneath a slagheap of nostalgia"(Economist 102). They made Bloomsbury Square in London the center if activities from 1904 to W.W.II. This group included, Lytton Strachey, Virginia Woolf, Leonard Woolf, E.M. Forster, V. Sackville-West, Roger Fry, Clive Bell, John Maynard Keynes and Vanessa

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    Abortion Reduces Crime

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    United States over the last decade. But that fact has not prevented politicians from taking credit for the downturn. The newest theory about why crime is down, however, put forward in a report by two highly regarded economists, is drawing both outrage and intense debate. The economists claim that abortion may prevent the birth of unwanted children, who would have received very little attention from their parents and therefore would have higher probability of committing crime. In the report, Dr

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    American Economy after September 11th "Every president is dealt a hand of cards," said John Shoven, a Stanford University economist and senior fellow at the conservative Hoover Institution. "Bush inherited a pretty tough hand." When President Bush took the office in the year 2000, things were moving smoothly on the surface. Undercover there was havoc. Tragedy of September 11th shook the world but it shook the US most. Technically speaking, one would say ofcourse it rocked the US, after all it did

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    Canadas Brain Drain Issue

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    educated and skilled Canadians to the United States. Does Canada suffer from a Brain Drain? This is a question that economists have been trying to answer for a decade now and have conducted different studies resulting to different conclusions about this issue. There are some economists that believe that yes Canada is suffering from a brain drain if not now it will be soon, amongst those economists are Don DeVortez and Samuel Laryea who prepared a study of C.D howe Institute. They claimed that Brain Drain

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    Free Trade and the Environment Economic Implications of Free Trade Throughout the academic discipline of economics, much attention has been lavished on the purely economic benefits of free trade as opposed to autarky. Economists have argued that both consumer and producer stand to gain from uninhibited international trade. The consumer gains access to greater quantities of a specific good at a more competitive price, while the producer is able to shift his resources into the economy’s comparative-advantage

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    found in the Heilbroner article. Heilbroner quotes two different economists, both of whom seem to raise the same question: why should I care how long the human species lives? One of the economists states that we cant necessarily say that generations who are yet unborn are any better off if they are born than if they are not (quoted in Pojman 277). The... ... middle of paper ... ..., I critiqued the two economists quoted in Heilborns article. To return to them for a minute, both

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    Nobel Prize winner, professor, author and economist, Joseph E. Stiglitz, wrote “Of the 1%, by the 1%, for the 1%.” Joseph E. Stiglitz served during the Clinton administration as chairman of the Council of Economic Advisers and is former senior vice president and chief economist of the World Bank. Throughout his piece Stiglitz argues how America’s economy is not likely to succeed in the future. Stiglitz creates a strong and credible argument throughout his piece by using the appeals of ethos, pathos

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    south

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    they spend seventy percent of their time. South Africa's murder rate is eight times that of the United States, and figures released on December 7th, 1999 showed steady increases in the other 18 of the 20 most serious categories of offence (The Economist January 22nd 2000). According to data released by the police, only one in every seven murders reported ends in conviction; and only one in 50 car hijacking result in a conviction (Business Day, 14 January 1999). School children can today in South

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