Economics news
Economists say copyright and patent laws are killing innovation; hurting economy
Mar 05, 2009 |
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(PhysOrg.com) -- Abolishing patent and copyright laws sounds radical, but two economists at Washington University in St. Louis say it's an idea whose time has come. Michele Boldrin and David K. Levine see innovation as a ...
Financial instruments could be spiked with unfindable risks
Dec 21, 2009 |
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(PhysOrg.com) -- In a result that may have implications for financial regulation, researchers from computer science and economics have revealed potentially impenetrable problems with the pricing of financial ...
Level-headed: Economics experiment finds taste for equality
Apr 12, 2007 |
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The rich don't get richer -- at least not in laboratory games. According to a new study of behavioral economics, published in the April 12, 2007 issue of Nature, people will spend their own money to make the rich less rich a ...
Zero tolerance, zero effect: Stats show laws 'inert'
Sep 16, 2009 |
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As college administrators, social scientists and law enforcement officials across the country continue to debate whether the drinking age should be 18 instead of 21, a Sam Houston State University economist challenges a related ...
New theory on fairness in economics targets CEO pay
Nov 03, 2009 |
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(PhysOrg.com) -- Chief executives in 35 of the top Fortune 500 companies were overpaid by about 129 times their "ideal salaries" in 2008, according to a new type of theoretical analysis proposed by a Purdue University researcher ...
Ban on betting would boost ailing economy, gambling critic says
Sep 23, 2008 |
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Congress should resurrect the nationwide gambling ban that existed through most of the 20th century to help soothe a fragile U.S. economy shaken by the worst credit and financial crisis in decades, a University of Illinois ...
Hoover's pro-labor stance helped cause Great Depression, economist says
Aug 28, 2009 |
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(PhysOrg.com) -- Pro-labor policies pushed by President Herbert Hoover after the stock market crash of 1929 accounted for close to two-thirds of the drop in the nation's gross domestic product over the two years that followed, ...
'Apples-to-apples' analysis of Arab development yields fresh view
Sep 18, 2009 |
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The Arab world is not the socioeconomic basket case that conventional wisdom holds, says University of California, San Diego economist James Rauch.
The economics of nice folks
Jun 19, 2008 |
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A basic tenet of economics is that people always behave selfishly, or as the 18th century philosopher economist David Hume put it, "every man ought to be supposed to be a knave."
Brown economists measure GDP growth from outer space
Sep 04, 2009 |
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Outer space offers a new perspective for measuring economic growth, according to new research by three Brown University economists. In a National Bureau of Economic Research working paper, J. Vernon Henderson, ...
Research: No evidence for 'too big to fail' policies
Apr 24, 2009 |
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The U.S. economy would be better served by letting failing firms file for bankruptcy rather than by bailing them out under presumptive federal policies that deem them to be "too big to fail," according to ...
Saying sorry really does cost nothing
Sep 21, 2009 |
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(PhysOrg.com) -- Economists have finally proved what most of us have suspected for a long time - when it comes to apologising, talk is cheap. According to new research, firms that simply say sorry to disgruntled customers ...
Government involvement in the economy increases ethnic rebellion
Sep 25, 2008 |
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A new study in the journal International Studies Quarterly reveals that ethnic violence is actually much less likely in countries where the free market predominates than it is in countries where the government plays an ext ...
Markets outperform patents in promoting intellectual discovery, say economists
Mar 05, 2009 |
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When it comes to intellectual curiosity and creativity, a market economy in which inventors can buy and sell shares of the key components of their discoveries actually beats out the winner-takes-all world of patent rights ...
Fuel economy higher, thanks to Cash for Clunkers
Sep 14, 2009 |
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Cash for Clunkers may have run out of money, but certainly not gas.
