Economist


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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 ?
Economists generally expect these so-called thick markets to form better predictions than do thin markets, which have fewer traders.
Economists prize economic growth but distrust monopoly, so accepting the latter to obtain the former is a Faustian bargain at best.
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.
Kazuo Mizuno, chief economist at Kokusai Securities Co.
A host of sociologists, political scientists, demographers, and economists took their cue from Malthus either to agree or to disagree with him.
A survey of present business economists undoubtedly would uncover some incumbent practitioners already close to qualifying in the "tomorrow business economist" class.
Although the population of the United States had already reached 69,000,000 in 1895, there was not one economist working the media to straighten things out.
However, among economists who gave a response other than keeping the status quo, 71 percent favored either legalization or decriminalization.
Norman Pearlstine, Bloomberg's Chief Content Officer, said: "Bloomberg appreciates that The Economist Group brought its concerns to Bloomberg's attention, and is pleased that the parties were able to resolve those concerns in a professional and constructive manner.
There's the joke that asks: 'What's the difference between an economist and a confused old man with Alzheimer's?
The Economist Group announced on Wednesday that it plans to buy back 5.