Economics
Economics & Monetary Affairs. Economics, a relatively new discipline, is the study of the allocation of scarce resources. A social science, economics is frequently associated with business and business decision-making. Adam Smith, an 18th century philosopher, is typically thought of as the first economist, and published his book, 'Wealth of Nations', in 1776. Since then, the study of economics has developed steadily, with new economic paradigms rising, including Classical theory, Marxism, Keynesianism, and Neoclassical theory. Economics is especially important in modern times as the policies and practices of governments with regard to monetary and economic policy are often determined by the positive analysis of economists. The links included herein relate to economics and monetary affairs.
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| Principle of Economics The main object of engineering economics is to produce the products and provide the services within the cost limitations.... |
Monetary policy Monetary policy is the process to manage the supply of money in such that specific goals such price stability, employment... |
| Fiscal Policy Fiscus (in Latin) refers to a purse and ‘fisc’ (in English) is a royal or state treasury. Thus, ‘fiscal policy’ is that... |
The Real Threats to the Economy of the USA The outcry about offshoring (outsourcing - the relocation of domestic jobs to more efficient and cheaper suppliers abroad)... |
| Little Protest and Less Economics As the G8 Meets The Bush administration yesterday began a three-day series of meetings with world leaders to press for wider change in the... |
It's the stupid economy, stupid Are there any bits of our lives not affected by this fixation on money? One of my newest friends, a distinguished German... |
| US 'endangering World Economy' The IMF last night warned that the gaping US budget deficit, ballooning trade imbalance and falling dollar were posing a... |
Rocket Economics China's manned space mission on the eve of President Bush's Asian trip carries plenty of symbolism, writes Mark Tran. |
| A policy vacuum Debate on the European economy is as stultified as the economy itself, writes William Keegan. |
Economics in the parallel universe Salaries are out of control, players and owners are equally greedy, and ticket prices are too high. But, what if money... |
| The Economics of Spam Spam is an industry. Mass e-mailers maintain lists of e-mail addresses, often "harvested" by spamware bots -... |
Is Transition Possible or Can Socialist Professors of Economics Teach Capitalism? Lest you hold your breath to the end of this article - the answers to both questions in the title are no and no. Capitalism... |
| The Fabric of Economic Trust The market and its price mechanism - critically depends on trust. If people do not trust each other, or the economic... |
The Merits of Inflation In a series of speeches designed to defend his record, Alan Greenspan, until recently an icon of both the new economy and... |
| Immortality and Mortality in the Economic Sciences The noted economist, Julian Simon, once quipped: "Because we can expect future generations to be richer than we are,... |
The Economics of Conspiracy Theories Barry Chamish is convinced that Shimon Peres, Israel's wily old statesman, ordered the assassination of Yitzhak Rabin, back... |
| Economics - Psychology's Neglected Branch Economics - to the great dismay of economists - is merely a branch of psychology. It deals with individual behaviour and... |
World Economic Forum The business world's movers and shakers are meeting at the World Economic Forum (WEF), which is taking place in New York... |
| Notes on the Economics of Game Theory Could Western management techniques be successfully implemented in the countries of Central and Eastern Europe (CEE) ?... |
The Dismal Mind - Economics as a Pretension to Science Narratives in economics offer an organizing principle, a sense of order and ensuing justice, of an inexorable drive toward... |