We are fortunate to live in a very thin slice of time, during which growth and positive sum economics and politics have ruled.
In economics it is axiomatic that positive and negative current account balances will ultimately be offset by changes in relative currency valuations.
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To put it in economics terms, liberty produces positive--not negative--externalities.
Over at Economics One, Stanford economics professor John Taylor offers a more positive take, defending the goal and offering a recipe for achieving it: 1% from population growth, 1% from employment growing faster than the population, and 2.7% from productivity growth.
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Spyros Economides, a senior lecturer in international relations and European politics at the London School of Economics, said Greeks are "not very positive at all" in their views toward Germany.
And while Eli may be correct that people who produce a lot of external value get rewarded in the long run, it would help if the economics field did a better job of rewarding positive externality generating behavior and of explicitly arguing for optimal social norms.
This leverage is treated as a positive for companies but a negative for countries, a key inconsistency in popular economics.
In return for the votes of the young, Mr Lagos is offering positive discrimination for the disadvantaged, as an alternative to reliance on trickle-down economics.
When economists discuss rationales for government intervention in introductory economics courses, police services are sometimes offered as examples of goods that produce positive externalities.
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Yet a study published recently in The Quarterly Journal of Economics by Grant Miller of Stanford University indicates that female voters did have a profound and positive impact.
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