Economics

Elinor Ostrom, Oliver E. Williamson Win Nobel in Economic Science

Cheryl Phillips — Mon, 12 Oct 2009 09:09:24 -0500

The Nobel Prize in Economic Sciences 2009 was awarded to Americans Elinor Ostrom and Oliver Williamson for their work in economic governance. Ostrom was the first woman to win the prize since it was founded in 1968, and the fifth woman to win a Nobel award this year — a Nobel record.

Reserve Bank of Australia Challenges Students On Economics

Armen Hareyan — Mon, 04 May 2009 18:27:54 -0500

The Reserve Bank of Australia today launches its annual Economics Competition in conjunction with the UNSW Economics Society. The competition is for Australian university students and challenges them to examine important and topical economic issues affecting Australia.

Time For Spiderman Economics: Power and Responsibility

Armen Hareyan — Fri, 24 Apr 2009 08:46:50 -0500

“With great power comes great responsibility”, opined Spiderman’s uncle. Unfortunately it’s not a lesson that the leaders and employees of the world’s great financial institutions ever took on board. In their world power is money and responsibility is somebody else’s problem.

New study calls for global project finance reform

harminka — Mon, 29 Dec 2008 14:28:56 -0600

The worldwide financial crisis puts a new emphasis on infrastructure spending, seen by many governments as a way to head off economic downturn, and as a way of holding on to achievements made in the developing world.

Adaption of economics theory to trace brain's information flow

harminka — Fri, 10 Oct 2008 02:23:36 -0500

Scientists have used a technique originally developed for economic study to become the first to overcome a significant challenge in brain research: determining the flow of information from one part of the brain to another.

Economics of nice folks

harminka — Thu, 19 Jun 2008 15:06:34 -0500

A basic tenet of economics is that people always behave selfishly, or as the 18th century philosopher economist David Hume put it, "every man ought to be supposed to be a knave."

Even momentary sadness increases spending

harminka — Tue, 08 Apr 2008 10:57:18 -0500

Off to buy a new handbag and fabulous red shoes, or how about overalls and a riding lawnmower? Before going, a mood check for signs of despair and gloom might be in order because how a person feels can impact routine economic transactions, whether he or she is aware of it or not.

Do Wealthier Countries Win More Olympic Medals?

aboey — Fri, 22 Feb 2008 03:20:14 -0600

A study published by Wiley-Blackwell in the Pacific Economic Review predicts that China will win at least 14% more medals in the 2008 Beijing Olympics – in comparison to the 144 medals won in 2004 – and narrow its medal-tally gap with the USA significantly.

Cape Wind’s Inconvenient Economics

donatracy — Thu, 21 Feb 2008 18:40:07 -0600

For years residents of Cape Cod and the Islands have been promised that the Cape Wind project, a 25 square mile (the size of Manhattan Island) array of 130 440' tall wind turbines, would lower their electricity rates. Remember: “The Wind is Free?”

Wiley-Blackwell Expands Presence in Korea with Two New Journals

aboey — Tue, 01 Jan 2008 18:34:40 -0600

Wiley-Blackwell, the scientific, technical, medical and scholarly publishing business of John Wiley & Sons, Inc. today announced that they have formed two new publishing partnerships in the Asia-Pacific region. The world’s largest society publisher will publish Basic & Applied Pathology and Pacific Focus from 2008.

Rugby: Much More than Just a Game

aboey — Wed, 14 Nov 2007 16:47:00 -0600

The significance of rugby and the All Blacks, runs deeper in New Zealand than just being a national pastime.

US Economy Grew at 3.9 Percent Annual Rate in Third Quarter

Dinka — Wed, 31 Oct 2007 14:24:49 -0500

New figures show the U.S. economy grew at a fairly brisk pace during the third quarter of 2007. VOA White House Correspondent Paula Wolfson reports Bush administration officials give much of the credit to rising American exports.