Economics of Information
Though economists often talk in terms that seem impenetrable, what they study is very simple and basic. The "economy" is how resources are distributed throughout...
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An economist who has long predicted this decade's housing market bubble would deflate said the residential real estate downturn could spiral into "the most severe since the Great Depression" and co...
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Health care is expected to account for $1 of every $5 spent in the United States in another decade.That means a rise in out-of-pocket expenses, such as the copays for medicine, from about $850 this...
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A top economic aide to ousted Prime Minister Thaksin Shinawatra resigned Wednesday from his position in the current military-appointed government following sharp criticism from pro-democracy groups...
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U.S. auto sales this year should be about the same as in 2006, but increased truck sales could be a bright spot after last year's disaster for the three Detroit-area automakers, the National Automo...
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Weighed down by a housing slump, the economy in 2007 will log its most sluggish growth in five years. But that showing should not cause businesses to really clamp down on hiring, economic forecaste...
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Is the long wait coming to an end for borrowers who would like to see interest rates go down?The Federal Reserve hasn't sliced a key interest rate _ now at 5.25 percent _ in four years.Where the Fe...
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Increased production of biofuels such as ethanol might help farmers' bottom lines and address climate-change concerns, but it could inflate food prices worldwide, warns a former White House economi...
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An economist who curbed Yasser Arafat's freewheeling spending of public funds and earned the trust of the Bush administration is now the Palestinians' best hope for persuading the West to end an in...
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WASHINGTON (Reuters) - Economist Leonid Hurwicz
thought he was too old to win the Nobel Prize at age 90 --
until his telephone began ringing Monday morning. "I thought that my time perhaps had pas...
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Stockholm (dpa) - The Nobel Prize for Economics was awarded Monday
to Leonid Hurwicz, Eric Maskin und Roger Myerson of the United
States, the Royal Swedish Academy of Scienc...
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Economics of Information
Economist predicts housing downturn
