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Page "The Economist" ¶ 16
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Economists and focus
In 2008, former editor of Newsweek Jon Meacham, a self described " fan ", criticised The Economists focus on analysis over original reporting.
Economists overwhelmingly agree that the Washington Consensus was incomplete, and that countries in Latin America and elsewhere need to move beyond " first generation " macroeconomic and trade reforms to a stronger focus on productivity-boosting reforms and direct programs to support the poor.

Economists and is
Economists generally agree that a country is insolvent, if its foreign debt surpasses 50 percent of its GDP.
* Economists such as Burton Malkiel suggest that neither fundamental analysis nor technical analysis is useful in outperforming the markets
Economists see both a rapid increase in the money supply and an increase in the velocity of money if the ( monetary ) inflating is not stopped.
Economists have also shown that IP can be a disincentive to innovation when that innovation is drastic.
Economists usually teach that to some degree recession is unavoidable, and its causes are not well understood.
Economists view firm specific human capital as risky, since firm closure or industry decline lead to skills that cannot be transferred ( the evidence on the quantitative importance of firm specific capital is unresolved ).
* Economists and political scientists often associate the term with approaches using rational choice assumptions, especially game theory and social choice theory, in explaining phenomena beyond economics ' standard remit, such as corruption, government failure and complex decision-making in which context the term " positive political economy " is common.
Economists and political economists often disagree on what is preeminent in developing production, market, and political structure theories.
Economists generally believe that deflation is a problem in a modern economy because they believe it may lead to a deflationary spiral.
He is a trustee of Economists for Peace and Security.
Economists say that a consumer is ' prudent ' if he or she saves more when faced with riskier future income.
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 ).
Economists counter that deflation is hard to control once it sets in and its effects are much more damaging than modest, consistent inflation.
He is a trustee of the Economists for Peace and Security.
Economists would label this behavior " irrational ": it is inefficient because it misallocates resources by depending on information that is irrelevant to the decision being made.
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.
Economists use the term " double taxation " in reference to the tax on dividends due to the fact that dividend income is paid out of corporate profits and represent a portion of the profit stream owned by shareholders.
Later becoming editor-in-chief of The Economist, which had been founded by his father-in-law, James Wilson, in 1860, Bagehot expanded The Economists reporting on the United States and on politics and is considered to have increased its influence among policymakers over the seventeen years he served as editor.
Economists distinguish moral hazard from adverse selection, another problem that arises in the insurance industry, which is caused by hidden information rather than hidden actions.
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 ).
He is also a recipient of the Albert Schweitzer Prize for Humanitarianism and a trustee of Economists for Peace and Security.
Economists ’ principles are not acceptable to all ; nor is insistence upon consistency between the treatment of owner-occupied dwellings and other durables.
Economists typically use the term consumption in a way that is far broader than merely purchasing something.

Economists and world
Economists disagree as to the measurable impact of minimum wages in the ' real world '.
In part, the Economists own editorial stance was a simple reflection of attitudes within the UK in general, and of its two major political parties through the middle to late 20th century ( Conservative and Labour ), resisting the surrender of sovereignty to a supranational institution for as long as possible, and attempting to preserve the UK's self-image of a world power.
Soon after the veto, the Economists stance on the status of the UK as a dominant world power began to change.

Economists and politics
Economists now recognize the Nixon era as Exhibit A in how the adoption of bad economic policies in pursuit of short-term political gain eventually turns out to be bad politics as well.

Economists and business
Economists and historians debate whether it crippled the railroads, giving so much advantage to the shippers that a giant unregulated trucking industry — undreamed of in 1906 — took away their business.
Economists are also employed in banking, finance, accountancy, commerce, marketing, business administration, lobbying and non-or not-for profit organizations.
Economists of the Austrian School, notably Ludwig von Mises, have linked these fluctuations in business cycles to the creation of central banking and its monopolized control of fiat money and prime interest rates.
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
* Economists from Adam Smith to Paul Krugman have noted that similar businesses tend to congregate geographically (" agglomerate "); opening near similar companies attracts workers with skills in that business, which draws in more businesses seeking experienced employees.

Economists and also
Economists also fail to use economic reasoning for model selection, especially for deciding which variables to include in a regression.
Economists also distinguish the short-run market supply curve from the long-run market supply curve.
Economists work in many fields including academia, government and in the private sector, where they may also "... study data and statistics in order to spot trends in economic activity, economic confidence levels, and consumer attitudes.
Economists such as Paul Krugman and Jeffrey Sachs have also analyzed many traits related to economic geography.
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 have also looked at sticky wages as an explanation for why there is unemployment.
He is also currently a non-executive Director of Barclays Bank plc and the Chairman of the National Audit Office His previous non executive roles have included Chairman of the market research firm MORI Ltd, the Economists Bookshop Ltd, Deputy Chairman of the Tavistock and Portman NHS Trust and Director of the Bank of England.
Klein ( 1983 ) asserts that “ Economists now recognise that such a sharp distinction does not exist and that it is useful to consider also transactions occurring within the firm as representing market ( contractual ) relationships .” The costs involved in such transactions that are within a firm or even between the firms are the transaction costs.
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 ).

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