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 ?
Most economists agree on some things: tariffs are bad and free trade is good; centralized economies do not maximize economic potential; markets work, with some important exceptions.
To me the life of Dr Parvez Hasan, as so wonderfully captured in his recently published autobiography, "My Life My Country--Memoirs of a Pakistani Economist", is a story which covers not only the creation and early years of Pakistan's independence but is the story of its nascent years and the rise of the profession of economists in Pakistan.
Japan-based global investment bank Nomura Holdings Inc (NYSE: NMR) (TYO: 8604) (AMS: 8604) has said that it has named Lewis Alexander as its new managing director and US chief economist.
The reason that a government sometimes grows when more economists are in government is straightforward: while economists might, in general, be more sympathetic to markets and competition, they are also more knowledgeable about bureaucracy, rent-seeking, and interest group formation.
However, she felt she'd made some "inroads that future economist commissioners and our own Office of Economic Analysis (OEA) will be in a position to build on.
Right now, we're calling it a soft landing," said UCLA senior economist Christopher Thornberg, who wrote the state outlook.
But there is little question that motives, goals and contexts--the concerns of rational choice theorists, economists and most social scientists--are worthy of consideration by historians.
Sachs urges his fellow economists to undertake "clinical economics" to alleviate poverty, diagnosing social ills and prescribing the medicines that address the particular symptoms of a particular economy (and society).
But even if Northerners don't care about dead economists, we should be listening carefully to a certain living economist.
While in the United States the president and his administration can choose their own Council of Economic Advisers, the German Council consists of five independent economists who are appointed by the German president, after being nominated by the government, for a five-year term with possibility of renewal.
Economists have found, for instance, that orange juice futures predict the weather in Florida better than conventional weather forecasts do.
In a paper that has gained wide attention (and caught serious flak) for challenging the conventional wisdom, economists Michele Boldrin and David K.