Economists Dissect the âYuckâ Factor
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People donât pay enough attention to how repugnance affects decisions about what can be bought and sold, asserts an economist at Harvard University.
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The New Republic's website is currently carrying an interesting piece which tries to explain the anomaly that although the US economy is growing, a lot of its citizens are still feeling worse off. The article explains the results of a 40 year panel study which has shown that although mean incomes have increased, income variability has increased massively, causing many Americans to feel less well off, despite the growing economy.
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Some basic knowledge can help you comprehend releases of economic data.
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The increase was higher than professional economists had anticipated. Pasi Sorjonen of the Research Institute of the Finnish Economy (ETLA) characterised the figures as good, but added that the output ...
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Don&#39;t hold your breath for big change, the election will make little difference to American wallets. By David R. Francis. Economics takes a beating in the political season.
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The nominal numbers reported about the economy are in some ways more real than the real ones.
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Measuring the well-being of a nation isn&#39;t as simple as figuring out a country&#39;s gross domestic product. But a team of economists and psychologists has developed a new method
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Even when experts were declaring the economy healthy, many Americans voiced a vague, but persistent dissatisfaction. True, jobs were relatively plentiful over the last few years. It was easy to borrow and very cheap. The sharp rise in the value of homes and plentiful credit cards encouraged a nation of consumers to get out and buy. But to many people, something didn't feel right, even if they couldn't quite explain why.
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This model of modern economic theories fails over and over. That's a good thing.
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Economists are divided over whether the rise in prices will be short-lived.
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One of the hardest economic indicators to measure is the public mood. But it matters a lot, and that mood can be affected by media coverage of the economy, according to an economic paper from the Federal Reserve
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The link between the stock market and the economy sometimes can sound like the chicken and the egg scenario &#151; Which comes first?
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Economists are growing concerned over Americans' willingness to cede regular chunks of their paychecks to new conveniences and services, saying it is taking a bite out of discretionary spending, a key driver of the nation's economy.
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The renewed appetite for art as an investment is drawing attention to a small number of scholars who have been applying economics to this new asset class.
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Key factors help determine if outsourcing benefits or hurts Americans.
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In September 1996, Alan Greenspan was fixated on a statistic neglected by most economic forecasters. It was service-sector worker productivity, a measure of how much an employee could produce in an hour.
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In recent months, economists have engaged in an impassioned debate over the way their specialty is taught at universities and practiced in Washington.