Economics Study

Because the potential returns appear to be greater in poorer countries than in the developed world, modern economic theory implies that rich countries should continually invest in poor countries until returns balance out. In fact, this doesn't happen. Economist Robert E. Lucas Jr. asks why in his groundbreaking 1990 article, "Why Doesn't Capital Flow from Rich to Poor Countries?" The question has become known as the Lucas paradox. Lucas analyzes this, focusing especially on the role of human capital.

Mahbub ul Haq died in 1998, three years after the publication of his important work, Reflections on Human Development. The book appeared at the end of Haq's impressive career in international development and described his revolutionary contribution to the discipline. In it, Haq argues that the goal of any society should be to improve the lives of its citizens, therefore economic development should support that aim.

In his 1936 book The General Theory of Employment, Interest and Money, Keynes argued that traditional economics has misunderstood the causes of unemployment. Employment is not determined by the price of labor; it is directly linked to demand in the economy. Keynes believed market economies are by nature unstable and so require government intervention. Spurred on by the social catastrophe of the Great Depression of the 1930s, Keynes set out to change the way the world thinks about economics.

Someone is firing arrows in the dead of night. Two campers hide a mysterious past. And is it a friend or foe who sabotages the dance decorations? These are just a few of the mysteries facing Striker Jones when he and his friends go to summer camp! Join Striker, Bill, Sheila, and Amy as they face water balloon wars, sports and arts competitions, talent shows, and 10 new, exciting mysteries. And as always, learn some economics along the way!

In his 2007 book The Black Swan, Nassim Nicholas Taleb says the Black Swans of his title can appear at any time, in the form of financial crises, wars, and other unexpected events that have profound, irreversible consequences. Taleb draws on philosophy, mathematics, economics, and other disciplines to explain in plain English why we seldom prepare for these events adequately. The way our brains process knowledge lull us into believing the future will resemble the past.

More than 200 years after Adam Smith published The Wealth of Nations, governments around the world continue to address many of the issues discussed in the book. The most powerful states in the world are still committed to international trade, but questions are repeatedly asked about the role of governments in the economy and the effectiveness of the free market.

Friedman did not just demonstrate that monetary policy plays a vital role in broader economic stability. He also argued that economists got their monetary policy wrong in the 1950s and 1960s by misunderstanding the relationship between inflation and unemployment. In Friedman's view, previous generations of economists had no justification for believing that governments could permanently decrease unemployment by allowing inflation - and vice versa.

Have you ever wondered how much that guy with the cardboard sign makes? One economics student did and he decided to find out. During the summer of his senior year at college, while earning a B.A. in Economics and Political Science, David P. Spears spent 80 hours undercover as a panhandler. Systematically recording every transaction at the exit ramp, Spears captured a rarely seen picture of how modern urban charity works.

There are certain things that you want and those that you need. It is imperative that you know how to differentiate between the two so that you spend your money wisely. This book teaches you to know the difference between wants and needs. Later, you will be taught about the relationship of producers and consumers in conjunction with wants and needs. Start listening today.

In The Big Deposit, each student has been assigned to present a simple business plan to the class and the bankers. The student with the best business plan wins a cash prize and a bank account at the bank. A surprise ending leaves the whole class happy.

The inspiring stories of six people who changed history. Contents: Henry J Heinz, the man who invented tomato ketchup; William Lever, who made millions from soap; Michael Marks, founder of the Marks and Spencer stores; Henry Ford, who mass produced cars and made them affordable; Coco Chanel, the businesswoman who changed fashion for women; Ray Kroc, the man who created the McDonald's chain of restaurants.

Some say sales and selling make the world go round, so we better appreciate sales and selling. This work does that by praising the art of selling.

Our Common Future is a joint work produced in 1987 by a United Nations commission headed by former Norwegian Prime Minister, Gro Brundtland. Intended to respond to a growing number of environmental concerns faced by the global community, it recognized the need for long-term strategies to manage natural resources. It says we must act collaboratively to protect the environment, while at the same time stimulating economic and social development.

Since it was first published in 1973, A Random Walk Down Wall Street has been a highly influential best seller. Burton G. Malkiel demolishes the idea that investment "experts" can predict stock price changes and thereby "beat the market." With all available information that could affect the value of a company's shares known almost instantly to all investors, Malkiel says, shares quickly find the price that reflects that information. This is known as the efficient market hypothesis.

Lily wants a new bike. And a new raincoat. And ice cream. But how many of these things does she need? As Lily and her dad drive around town, Lily soon discovers that wants and needs are different things. She picks out which things people have to have. She might even remind her dad that he doesn't need root beer!

What was this free market that Adam Smith was referring to? You will know the answer in this book that’s appropriate for children. You might think that such principles are too complex for kids, but they’re not if you use the right learning tools. Go for books that have been written to match your child’s vocabulary, to facilitate easy understanding. Enjoy a good listen!

Racism and profit were driving forces in the growth of slavery. The transatlantic trade of enslaved people saw millions of kidnapped Africans sent around the world, many of them to the Americas. Even after the importation of enslaved people was banned in 1808, slavery did not end in the US. Listen to this book to learn about the Middle Passage, the triangular trade, and the people who continued fighting for change after the importation of enslaved people was banned.

The inspiring stories of six people who changed history. Contents: Mayer Amschel Rothschild, who started a bank which made his family rich; Cornelius Vanderbilt, who became one of the richest people in the USA; W. K. Kellogg, who started the world's biggest cereal company; Elizabeth Arden, who built the Elizabeth Arden cosmetics company; Walt Disney, who started the famous entertainment company; Soichiro Honda, who started the Honda motorbike and car company.

There are natural resources within your state. Can you name them all? This book opens your eyes to see the natural bounty within your state. In addition, there is also a discussion on how people can protect the natural resources near them. Invest in learning materials that helps provide a deeper understanding of the world. Begin listening today.

Gabriel really wants to buy some fancy Fast Kids shoes. But his mom says they can spend no more than thirty dollars. Gabriel searches for a great deal on the shoes. He looks online, goes to the shoe store, and checks a discount store, too. Will he find the shoes at a price he can afford? Listen to this audiobook to find out!