* Economists use the term " global labor arbitrage " to refer to the tendency of manufacturing jobs to flow towards whichever country has the lowest wages per unit output at present and has reached the minimum requisite level of political and economic development to support industrialization.

Economists who studied with Hayek at the LSE in the 1930s and the 1940s include Arthur Lewis, Ronald Coase, John Kenneth Galbraith, Abba Lerner, Nicholas Kaldor, George Shackle, Thomas Balogh, Vera Smith, L. K. Jha, Arthur Seldon, Paul Rosenstein-Rodan, and Oskar Lange.

Economists such as Milton Friedman and Dr. Ravi Batra have theorized ways that a modern economy could have low inflation and near full employment ( as in close to 100 % of those who are not students and are healthy enough to work, and who wish to work at any given point in time ), as of yet these have yet to be widely disseminated through the press or introduced by most governments.

Economists argue that one of the factors behind the differing economic development in Africa and Asia is that in Africa, corruption has primarily taken the form of rent extraction with the resulting financial capital moved overseas rather than invested at home ( hence the stereotypical, but often accurate, image of African dictators having Swiss bank accounts ).

McNamara was, at the end of his life, a life trustee on the Board of Trustees of the California Institute of Technology ( Caltech ), a trustee of the Economists for Peace and Security, and an honorary trustee for the Brookings Institution.

Economists have criticized the government's fiscal policy, whose level of expenditures and indebtness has increase significantly within the past decade while the economy was grown at a much slower pace.

Economists aligned with his government have argued that this was due to external factors outside the control of the administration at the time, such as the devaluation of the Brazilian real and the growth of the share of the debt denominated in US dollars.

He is a trustee of the Economists for Peace and Security, and co-director of the Social Interactions, Identity and Well-Being program at the Canadian Institute for Advanced Research ( CIFAR ).

Economists often estimate the VSL by looking at the risks that people are voluntarily willing to take and how much they must be paid for taking them.

Economists have also looked at sticky wages as an explanation for why there is unemployment.

File: Waterstone's Economists ' Bookshop at London School of Economics. jpg | London School of Economics

Economists estimate that the University has created at least 3, 000 new jobs within Lincoln and that it generates more than £ 250 million every year for the local economy-doubling previous local economic growth rates.

Economists at the Cato Institute suggest that Wal-Mart is a success because it sells products that people want to buy at low prices, satisfying customer's wants and needs.

Economists Michael C. Burda and Charles Wyplosz provide an illustration of what can happen if a nation tries to pursue all three goals at once.

He is also a Andrew D. White Professor-at-Large ( 2007 – 2013 ) at Cornell University and is currently ( 2010 – 2011 ) President of the Association of Environmental and Resource Economists ( EAERE ).

AEA still entitles the keynote address at its annual meeting the Richard T. Ely Lecture and recently honored him in the association's annual Economists ' Calendar.

Economists Milton Friedman, Gordon Tullock, Bryan Caplan, and Paul Krugman Furthermore, Roger Garrison argues that a false boom caused by artificially low interest rates would cause a boom in consumption goods as well as investment goods ( with a decrease in " middle goods "), thus explaining the jump in unemployment at the end of a boom.

Simms himself observed in response that The Economists own attempts at clairvoyance had " backfired spectacularly ".

Economists also fail to use economic reasoning for model selection, especially for deciding which variables to include in a regression.

Economists make a number of abstract assumptions for purposes of their analyses and predictions.

Economists look for macroeconomic policies that prevent economies from slipping into recessions and that lead to faster long-term growth.

Economists offer two principal explanations for why stagflation occurs.

Economists of the Austrian school argue that socialist systems based on economic planning are unfeasible because they lack the information to perform economic calculation in the first place, due to a lack of price signals and a free price system, which they argue are required for rational economic calculation.

The main academic and professional organizations for the discipline of Environmental Economics are the Association of Environmental and Resource Economists ( AERE ) and the European Association for Environmental and Resource Economics ( EAERE ).

He is a trustee of Economists for Peace and Security.

He is a trustee of the Economists for Peace and Security.

Economists such as Tim Harford in the Undercover Economist have argued that this is a form of price discrimination: by providing a choice between a regular and premium product, consumers are being asked to reveal their degree of price sensitivity ( or willingness to pay ) for comparable products.

Tinbergen was a founding trustee of Economists for Peace and Security.

He is also a recipient of the Albert Schweitzer Prize for Humanitarianism and a trustee of Economists for Peace and Security.

* William Easterly, author of The Elusive Quest for Growth: Economists ' Adventures and Misadventures in the Tropics description and review and White Man's Burden: How the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good ( description and preview ).

* Easterly, William ( 2002 ), Elusive Quest for Growth: Economists ' Adventures and Misadventures in the Tropics, The MIT Press

Economists sometimes define price more generally as the ratio of the quantities of goods that are exchanged for each other.

As a result, the Singer-Prebisch Thesis enjoyed a high degree of popularity in the 1960s and 1970s with neo-marxist developmental Economists and provided a justification for import substitution industrializing ( ISI ) policies and even an expansion of the role of the commodity futures exchange as a tool for development.

( 1989 ) Historians, Economists, and Economic History.

He is a member of the Institute of Medicine ; the American Academy of Arts and Sciences ; Harvard Society of Fellows ; the Fellows of the World Econometric Society ; the Brookings Panel of Economists ; the National Bureau of Economic Research ; and the Board of Advisers of the Chinese Economists Society, among other international organizations.

He is also President of The National Institute of Economic and Social Research, President of the The Society of Business Economists, Chairman of the Governing Body of the Royal Academy of Music, Chairman of Channel 4, and Chairman of the Monteverdi Choir and Orchestra

Economists attributed the rise of Malaysia's ranking to the efforts of the Malaysian government to improve the country's business environment such as the New Economic Model, the Government Transformation Programme and the Economic Transformation Programme

Herbert Hoover, the Economists, and American Economic Policy, 1921-1933 ( 1985 )

* Paul R. Portney, ' The Contingent Valuation Debate: Why Economists Should Care ' The Journal of Economic Perspectives, Vol.

* Economics in Government Distinguished Lecturer sponsored by the Society of Government Economists and the American Economic Association ( 2004 )

" Consensus and Dissension among Economists: An Empirical Inquiry ", American Economic Review, American Economic Association, vol.

Dasgupta has been honoured by elections as: Fellow of the Econometric Society ( 1975 ); Fellow of the British Academy ( 1989 ); Fellow of the Royal Society ( 2004 ); Member of the Pontifical Academy of Social Sciences ( 1997 ); Fellow of the Academy of Science for the Developing World ( formally the Third World Academy of Science ), TWAS, 2001 ; Member of Academia Europaea ( 2009 ); Foreign Member of the Royal Swedish Academy of Sciences ( 1991 ); Foreign Honorary Member of the American Academy of Arts and Sciences ( 1991 ); Foreign Associate of the US National Academy of Sciences ( 2001 ); Foreign Member of the American Philosophical Society ( 2005 ); Foreign Member of Istituto Veneto di Scienze, Lettere Arti ( 2009 ); Honorary Fellow of the London School of Economics ( 1995 ); Honorary Fellow of Trinity College, Cambridge ( 2010 ); Honorary Member of the American Economic Association ( 1997 ); Distinguished Fellow, CES, University of Munich, 2011 ; and President of the Royal Economic Society ( 1998 – 2001 ), the European Economic Association ( 1999 ), Section F ( Economics ) of the BA ( British Association for the Advancement of Science ) Festival of Science ( 2006 ), and the European Association of Environmental and Resource Economists ( 2010-2011 ).

Dasgupta was named Knight Bachelor by Her Majesty Queen Elizabeth II in 2002 in her Birthday Honours List for services to economics ; was co-recipient ( with Karl Goran Maler ) of the 2002 Volvo Environment Prize ;; co-recipient ( with Geoffrey Heal ) of the Association of Environmental and Resource Economists ' " Publication of Enduring Quality Award 2003 " for their book, Economic Theory and Exhaustible Resources ; recipient of the John Kenneth Galbraith Award, 2007, of the American Agricultural Economics Association ; and recipient of the Zayed International Environment Prize ( II: scientific and technological achievements ) in 2010.

August 1998-Report on " Foreign Economic Policy of Georgia ", Bulletin of Association of Young Economists.