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First Theorem Of Welfare Economics

Home›Category: "First Theorem Of Welfare Economics" (Page 2)
  • First Theorem Of Welfare Economics

    The complex dance of politics and power during a pandemic

    By Judy Grier
    April 26, 2020
    A common adage in the post-Cold War era of globalization was that if “every economy is global, all politics are local”. The implication was ...
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  • First Theorem Of Welfare Economics

    Jean Drèze reviews Good Economics for Hard Times: Better Answers to Our Biggest Problems by Abhijit Banerjee & Esther Duflo

    By Judy Grier
    April 4, 2020
    Viewing economists as “ plumbers, ” Abhijit Banerjee and Esther Duflo show how economic reasoning and evidence can shed light on real-world problems John ...
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  • First Theorem Of Welfare Economics

    To get out of this pit, we’re gonna have to think like central planners

    By Judy Grier
    March 23, 2020
    In the space of a few weeks, Australia transformed into a command economy. Businesses are told whether or not they can open and how ...
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  • First Theorem Of Welfare Economics

    Thomas Piketty goes global | The New Yorker

    By Judy Grier
    March 9, 2020
    Speaking in 1918, with Europe ravaged by the horrors of modern warfare and Russia in the hands of the Bolsheviks, Irving Fisher warned his ...
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  • First Theorem Of Welfare Economics

    Why are the reforms proposed by economists opposed by citizens?

    By Judy Grier
    February 24, 2020
    Economists have been systematically biased in our approach to public policy, focusing on a set of results of economic theory – on the power ...
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  • First Theorem Of Welfare Economics

    What is general equilibrium theory in macroeconomics?

    By Judy Grier
    February 9, 2020
    General Equilibrium Theory is a macroeconomic theory that explains how supply and demand in an economy with many markets interact dynamically and ultimately result ...
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  • First Theorem Of Welfare Economics

    What will Brexit Britain look like?

    By Judy Grier
    January 31, 2020
    At 11 o’clock PM Britain will leave the European Union on Friday. Big Ben won’t bong – it’s too expensive – but the UK ...
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  • First Theorem Of Welfare Economics

    Request revolving credit? Responsible and affordable from 4.5%

    By Judy Grier
    December 24, 2019
    Are you out and do you want to apply for a revolving credit? At Credither you can request a revolving credit free of charge and without ...
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  • First Theorem Of Welfare Economics

    How does a monopoly contribute to market failure?

    By Judy Grier
    November 30, 2019
    According to general equilibrium economics, a free market is an efficient way to distribute goods and services, while a monopoly is inefficient. The inefficient ...
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  • First Theorem Of Welfare Economics

    Credit without guarantor

    By Judy Grier
    November 11, 2019
    Anyone who wants to obtain a loan without a guarantor as a loan applicant must also have a creditworthiness on their own. As a ...
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  • First Theorem Of Welfare Economics

    Definition of Jan Tinbergen

    By Judy Grier
    October 1, 2019
    Who was Jan Tinbergen? Jan Tinbergen was a Dutch economist who won the first Nobel Prize in economics in 1969, which he shared with ...
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  • First Theorem Of Welfare Economics

    Subramanian Swamy’s economic views come full circle from Harvard

    By Judy Grier
    September 16, 2019
    Chennai: “Oh! You don’t take me seriously as an economist,” railed then irrepressible Janata party chairman Dr Subramanian Swamy, the Harvard economist turned politician ...
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  • First Theorem Of Welfare Economics

    The political economy of justice

    By Judy Grier
    April 2, 2019
    The fact that the only political response is to compensate those who bear the brunt of this failure is, in my opinion, an abdication ...
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  • First Theorem Of Welfare Economics

    The great tax debate – the world is turning – Atanas Pekanov and Miriam Rehm

    By Judy Grier
    February 21, 2019
    When intellectual and moral arguments align, the global climate can change rapidly. This is what is happening with the American tax debate. Atanas Pekanov ...
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  • First Theorem Of Welfare Economics

    What does the “invisible hand” refer to in the economy?

    By Judy Grier
    January 6, 2019
    The concept of the “invisible hand” was explained by Adam Smith in his classic 1776 seminal work, “An Inquiry into the Nature and Causes ...
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  • First Theorem Of Welfare Economics

    What are some of the limitations and drawbacks of economics as a field?

    By Judy Grier
    September 13, 2018
    Economics is a social science that examines the way people produce, distribute, and consume goods and services. This means that much of the field ...
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  • First Theorem Of Welfare Economics

    Explain trade to the secretary of commerce

    By Judy Grier
    December 14, 2017
    As students across the country begin their final exams, we are reminded of the sad reality that much of what we learn in school ...
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  • First Theorem Of Welfare Economics

    Distributive justice and welfare economics

    By Judy Grier
    December 6, 2017
    A fundamental concern of welfare economics, like other evaluative ethical theories, is the assessment of the goodness of a given state of affairs. In ...
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  • First Theorem Of Welfare Economics

    Richard Thaler and the uncertain future of ‘Nudge’

    By Judy Grier
    October 21, 2017
    Richard Thaler, professor at the University of Chicago, talks to the media after winning the Nobel Prize… [+] economy awards Monday, October 9, 2017 ...
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  • First Theorem Of Welfare Economics

    Kenneth J. Arrow (1921–2017) | Nature

    By Judy Grier
    March 30, 2017
    One of the most influential thinkers in economic theory. Kenneth Arrow was the dean of economic theory during the second half of the twentieth ...
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  • First Theorem Of Welfare Economics

    Classical Amartya Sen and a Baroque World

    By Judy Grier
    March 29, 2017
    But if this is true, then a curious conundrum emerges: What is Amartya Sen – the author of some of the most influential ideas ...
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  • First Theorem Of Welfare Economics

    Definition of invisible hand

    By Judy Grier
    March 28, 2017
    What is the invisible hand? The invisible hand is a metaphor for the invisible forces that drive the free market economy. Through individual self-interest ...
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  • First Theorem Of Welfare Economics

    Definition of general equilibrium theory

    By Judy Grier
    March 26, 2017
    What is general equilibrium theory? General equilibrium theory, or Walrasian general equilibrium, attempts to explain the workings of macroeconomics as a whole, rather than ...
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  • First Theorem Of Welfare Economics

    Definition of Lindahl equilibrium

    By Judy Grier
    March 26, 2017
    What is a Lindahl balance? Lindahl’s equilibrium is a state of equilibrium in a quasi-market for a pure public good. Like a competitive market ...
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  • First Theorem Of Welfare Economics

    TINA: There is no alternative

    By Judy Grier
    March 26, 2017
    What is TINA? “There is no alternative”, often abbreviated as “TINA”, is a phrase that originated with the Victorian philosopher Herbert Spencer and later ...
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  • First Theorem Of Welfare Economics

    Definition of Engel’s law

    By Judy Grier
    March 26, 2017
    What is Engel’s Law Engel’s Law is an economic theory introduced in 1857 by Ernst Engel, a German statistician, stating that the percentage of ...
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  • First Theorem Of Welfare Economics

    Definition of the lemon problem

    By Judy Grier
    March 26, 2017
    What’s wrong with lemons? The lemons problem refers to issues that arise regarding the value of an investment or product due to asymmetric information ...
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  • First Theorem Of Welfare Economics

    Definition of Coase’s theorem

    By Judy Grier
    March 26, 2017
    What is Coase’s theorem? Coase Theorem is a legal and economic theory developed by economist Ronald Coase regarding property rights, which states that where ...
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  • First Theorem Of Welfare Economics

    Definition of Kenneth Arrow

    By Judy Grier
    March 26, 2017
    Who is Kenneth Arrow? Kenneth Arrow was an American neoclassical economist who won the Nobel Prize in Economics with John Hicks in 1972 for ...
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  • First Theorem Of Welfare Economics

    Definition of consumer theory

    By Judy Grier
    March 26, 2017
    What is consumer theory? Consumer theory is the study of how people decide to spend their money based on their individual preferences and budget ...
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  • First Theorem Of Welfare Economics

    Vassily Léontief Definition

    By Judy Grier
    March 25, 2017
    Who was Vassily Léontief? Wassily Leontief was a Russian-American economist and Nobel Laureate professor who contributed to several insightful theories in economics. Leontief’s Nobel ...
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  • First Theorem Of Welfare Economics

    There is nothing like a free lunch (TANSTAAFL) Definition

    By Judy Grier
    March 25, 2017
    What is no free lunch (TANSTAAFL)? “There is no free meal” (TANSTAAFL), also called “there is no free meal” (TINSTAAFL), is a phrase that ...
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  • First Theorem Of Welfare Economics

    Definition of Sir Arthur Lewis

    By Judy Grier
    March 25, 2017
    Who is Sir Arthur Lewis? Sir Arthur Lewis was an economist who made lasting contributions to the field of development economics. In 1979 Lewis ...
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  • First Theorem Of Welfare Economics

    Pigovian tax definition

    By Judy Grier
    March 25, 2017
    What is a Pigovian tax? A Pigovian (Pigouvian) tax is a tax imposed on individuals or businesses for engaging in activities that create harmful ...
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  • First Theorem Of Welfare Economics

    Theory of price definition

    By Judy Grier
    March 25, 2017
    What is the theory of price? Price theory is an economic theory that states that the price of any specific good or service is ...
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  • First Theorem Of Welfare Economics

    Definition of laissez-faire

    By Judy Grier
    March 24, 2017
    What is laissez-faire? Laissez-faire is an eighteenth-century economic theory that opposes government intervention in business. The guiding principle of laissez-faire, a French term that ...
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  • First Theorem Of Welfare Economics

    A tribute to great economists: The Tribune India

    By Judy Grier
    March 17, 2017
    S. Subramanian The year 2017 has already seen the passage of two extraordinary figures in the world of economics. Sir Anthony Barnes Atkinson (1944-2017) ...
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  • First Theorem Of Welfare Economics

    When the economy had ethics | Boston Review

    By Judy Grier
    March 8, 2017
    Image: Foundation for Economic Education Remembering Kenneth Arrow Kenneth Arrow, one of the 20th century’s greatest economists, died last month at the age of ...
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  • First Theorem Of Welfare Economics

    The problem of choice | Lifestyle News, The Indian Express

    By Judy Grier
    February 25, 2017
    Collective choice and social protection: increased editionAmartya Senpenguin 544 pages“ 599 There are many books that qualify as good, but it is a rare ...
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  • First Theorem Of Welfare Economics

    La Flèche right, brilliant economist by Jean Dreze

    By Judy Grier
    February 23, 2017
    Kenneth Arrow was one of the rarest economists – exceptionally bright, learned, gentle, and public-minded. His departure from this world earlier this week, at ...
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  • First Theorem Of Welfare Economics

    Kenneth Arrow, Nobel laureate and founding high-impact economist, dies at 95

    By Judy Grier
    February 21, 2017
    Kenneth J. Arrow, Nobel Prize-winning economist and mathematical theorist who made fundamental contributions to social sciences as diverse as election theory and health economics ...
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  • First Theorem Of Welfare Economics

    25 Reasons Why Protectionism Is Taken Seriously When In Fact It Is A Form of Economic Suicide American Enterprise Institute

    By Judy Grier
    February 9, 2017
    It is a scientifically and mathematically provable fact that all tariffs, at any time and in any country, will hurt economic growth, eliminate net ...
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  • First Theorem Of Welfare Economics

    Beyond the Welfare State: John Rawls and Proprietary Democracy

    By Judy Grier
    December 15, 2016
    All over the world, the political left is plagued by right-wing populism. Faith in democracy and human rights is at an all-time low for ...
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  • First Theorem Of Welfare Economics

    Book Review: Phishing for Phools

    By Judy Grier
    August 21, 2016
    Phishing for Phools: the economics of manipulation and deception. 2015. George A. Akerlof and Robert J. Shiller. “This crisis has reminded us that without ...
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  • First Theorem Of Welfare Economics

    Stephen Gordon: If in doubt, just send money

    By Judy Grier
    May 16, 2016
    Breadcrumb Links Full comment Relief, family allowances, fight against poverty, the best approach is often the simplest Author of the article: Stephen gordon Ed ...
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  • First Theorem Of Welfare Economics

    Are we all annuity-seeking investors?

    By Judy Grier
    April 16, 2016
    Has The Economist, the commentary magazine of the world’s capitalist elite, embraced the corporate vilification trend adopted by many populist politicians in the United ...
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  • First Theorem Of Welfare Economics

    Faith in an unregulated free market? Do not fall into the trap

    By Judy Grier
    October 11, 2015
    In 1918, Irving Fisher, the Yale economist, argued that what people maximize in their actions is something that could best be described as “desirability” ...
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  • First Theorem Of Welfare Economics

    John Nash’s indelible contribution to economic analysis

    By Judy Grier
    May 25, 2015
    John F. Nash, one of the most influential mathematicians of the 20e century and subject of the 2001 film, “A Beautiful Mind,” died last ...
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  • First Theorem Of Welfare Economics

    Gold standard trade deal is fraught with pitfalls

    By Judy Grier
    April 14, 2015
    In 1983 Australia and New Zealand signed a trade agreement. Australia-New Zealand Closer Economic Relations Trade Agreement 24 pages. Additional annexes have arrived at ...
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  • First Theorem Of Welfare Economics

    Social Choice and Social Welfare by Amartya Sen

    By Judy Grier
    November 26, 2014
    Human beings have always lived in groups and their individual lives have always depended on group decisions. But, given the daunting challenges of group ...
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  • First Theorem Of Welfare Economics

    Ronald Coase and the abuse of the economy

    By Judy Grier
    September 3, 2013
    It’s a story about the history of economics, mischief and, ultimately, political power. This is the economist Ronald Coase, who died on Monday at ...
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  • First Theorem Of Welfare Economics

    Is health care special? – The New York Times

    By Judy Grier
    August 6, 2010
    Uwe E. Reinhardt is professor of economics at Princeton. He has some financial interests in the domain of health.In a recent episode of the ...
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