Economist


Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.
Related to Economist: Financial Times, home economist, Wall Street Journal

Economist

A person, especially but not necessarily an academic, who studies how people produce, trade, and use goods and services. Economists look at how different actors, such as individuals, companies, and governments, interact with one another to maximize the fulfillment of their needs through the use of scarce resources. Economists also study supply, demand, and the relationship between the two. There are a number of schools of thought among economists. Some major schools are classical economics, which considers the sources of production as well as the role of the Invisible Hand of the market, and Marxism, which considers the exploitation of labor by holders of capital. Other, modern schools of thought include Keynesianism, which emphasizes the role of demand as opposed to supply, and monetarism, which promotes the use of the free market and considers the role of money supply in economic growth. See also: Macroeconomics, Microeconomics.
References in periodicals archive ?
HONG KONG, April 8, 2015 /PRNewswire/ -- The Economist Group today officially launched a new digital app The Economist Global Business Review, focused on delivering insightful analysis on global trends in business, finance and technology.
In a recent review of this field, the economist Oliver Williamson has argued for using levels of institutions stratified by their relative "rigidness" and longevity, which have varying levels of impact on the daily structure of decision making and markets.
Senior UCLA economist David Shulman, who wrote the national outlook, said in some parts of the country the real estate sector may slip into recession, but it won't drag the rest of the economy with it.
In a market environment, people who don't know anything will lose on average and will take the hint and go away," says Robin Hanson, an economist at George Mason University in Fairfax, Va.
Some economists have already begun work on the next stages.
Keynes wrote in a previous age of economic ferment that "the ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood" Stiglitz's book vividly illustrates this truth and shows why outsiders must cast a close, critical eye on global economic institutions.
Norbert Walter, Chief Economist, Deutsche Bank Group
Being listened to at all is an unusual experience for most economists: being listened to in the afterlife is what an economist calls heaven.
This is why it's important to listen to arguments such as economist Amartya Sen's portrait of "human capabilities," which offer a rich understanding of development and freedom than Sach's broad-brush description can provide.
iPads and iPhones are perfect for reading and listening to The Economist, and we see a great future for our ever-growing readership in all media,' added Oscar Grut, managing director, digital editions.
The Economist Group announced today the global launch of The Economist on two new apps, The Economist for iPhone and The Economist for iPad.
Summary: Following the opening of a directly managed, Middle East sales office in Dubai, The Economist Group, the leading global media company, has appointed sales representatives in Saudi Arabia, Egypt, Lebanon, Syria, Iraq, Jordan and Palestine for all advertising and sponsorship sales.