By Karl Mitchell | February 27, 2008 In introduction, I will be expounding on the evolution of economic understanding and postwar stabilization policy from the perspective of Christina D. Romer (Professor, University of California at Berkeley) and David H. Romer (Professor, University of California at Berkeley) throughout the paper. In detail, I will cover the time periods of… Read More »
By Muhammad Waqas Nayyar | June 06, 2009 Many writers of the early days defined economics as “a science of wealth”. Adam Smith commonly know as the father of modern economics, defined economics as “An enquiry into the nature and causes of wealth of nations.” These definitions were defective because they gave much importance to wealth. As wealth… Read More »
By Joshua Konov | June 07, 2009 The philosophical comparison of social developments such as economy to the particle related quantum mechanics may look incidental or incoherent but conceptually said the human perception has changed from certainty and simplicity to uncertainty and complexity too, therefore the perception of principle understanding processes in economy philosophically must change too the… Read More »
By Steve Ong | July 07, 2010 Wherever we go, economics is everywhere all over the world and it can be located in all major continents around the globe. This begins in domestic up to global approach. In my own opinion, economics is a social science. There are several branches of economics to deal with and these… Read More »
By Dave Ouellette | Submitted On February 19, 2009 One of the easiest rules of thumb in “teaching personal finance for kids” is to give them a quick lesson in the “value of money” and compound interest using the “Rule of 72”. The “Rule of 72” is a basic and simple way of explaining compound interest to your… Read More »
By John F Sase | Submitted On April 18, 2015 “Our basis of knowledge for estimating the yield ten years hence of a railway, a copper mine, a textile factory… amounts to little and sometimes to nothing,” British Economist John Maynard Keynes wrote, “If people are so uncertain, how are decisions made? They can only be taken… Read More »
By Lamara Qoqiauri |October 03, 2008 Scientific works in the theories of finances and credit, according to the specification of the research object, are characterized to be many-sided and many-leveled. The definition of totality of the economical relations formed in the process of formation, distribution and usage of finances, as money sources is widely spread. For example,… Read More »
By Daniel Franka | Submitted On June 04, 2007 To understand economic indicators, we must understand the ways in which economic indicators differ. There are three major attributes each economic indicator has: Gross Domestic Product (GDP) (nominal and real) (for the entire nation or per individual) Index of Leading Indicators Gross national happiness (GNH), a new concept relating… Read More »
By: Ron Kaye If you ask anyone in the finance world what they think about investing or trading penny stocks, the answer that you will probably get will be: “Don’t do it. You will lose your money since 90% of penny stock companies are scams. penny stock companies just want to sell shares and are… Read More »
By Nabeel Kattakath | Submitted On April 18, 2006 Poverty is treated as WMD (weapon of mass destruction) of modern world. Eradication of it bears very importance. The economic systems like capitalism and communism have presented number of instruments for the alleviation of the poverty from the world. But, these extreme ideologies failed to satisfy the need of… Read More »