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She Holds Economics in Her Hands: Who Is She?
Have you ever encountered a riddle, a captivating enigma that piques your curiosity and demands an answer? The phrase "She holds economics in her hands" is just such a puzzle. It's a metaphorical statement, hinting at a powerful influence over economic systems and processes. This blog post delves into the possible interpretations of this enigmatic phrase, exploring the women who, throughout history and in the present day, have profoundly shaped the world of economics. We'll examine several key figures and concepts, revealing the multifaceted ways women contribute to and control economic forces.
Decoding the Metaphor: Power and Influence in Economics
The phrase itself suggests a level of control and mastery. "She holds" implies possession, not just understanding. It speaks of active participation and decision-making power within the field of economics, a field historically dominated by men. Unpacking this metaphor requires looking beyond singular individuals to the broader systemic impact of women's roles.
The Pioneers: Women Who Broke Barriers in Economics
Several historical figures embody the "she" in this phrase, challenging traditional norms and establishing a legacy of achievement.
#### 1. The Trailblazers of Economic Theory:
Women like Joan Robinson, a prominent Keynesian economist known for her work on imperfect competition and the theory of growth, significantly advanced economic thought. Her contributions challenged established orthodoxies and opened doors for future generations of female economists. Similarly, Elinor Ostrom, a Nobel laureate, revolutionized our understanding of common-pool resource management, demonstrating the crucial role of community governance in sustainable economics. These women didn't just "hold" economics; they reshaped it.
#### 2. The Architects of Policy:
Moving beyond theoretical contributions, women have played vital roles in shaping economic policy at national and international levels. Consider the influence of figures like Christine Lagarde, the former Managing Director of the International Monetary Fund, whose decisions impacted global financial stability. These women hold positions of significant power, directly influencing economic outcomes on a massive scale. Their decisions are not abstract; they have tangible consequences for millions.
Beyond the Individual: The Collective Impact of Women in Economics
While individual achievements are crucial, it's equally important to acknowledge the broader impact of women's collective participation in the economy.
#### 1. The Untapped Potential of Women in the Workforce:
Globally, there remains a significant gender gap in economic participation. Unlocking the full potential of women in the workforce would not only benefit individual women but also significantly boost global economic growth. This highlights that "she" also represents the collective potential of women waiting to be fully harnessed.
#### 2. The Economic Power of Women as Consumers and Entrepreneurs:
Women are increasingly powerful consumers and entrepreneurs. Their spending habits and entrepreneurial ventures drive economic activity in many sectors. Understanding women's economic behavior is crucial for businesses and policymakers alike. This underscores the pervasive influence women hold, even outside traditional economic roles.
The Future of "She" in Economics
The future of women's influence in economics is bright, yet challenges remain. Promoting gender equality in education, eliminating systemic biases, and ensuring equal opportunities are vital steps. The narrative of "she holds economics in her hands" should not be limited to a few exceptional individuals but should become a reflection of the widespread and equitable participation of women in all aspects of the economic landscape.
Conclusion
The phrase "She holds economics in her hands" is a powerful metaphor signifying the immense influence women exert on economic systems. From pioneering theorists to influential policymakers, women have profoundly shaped the field, and their collective economic power continues to grow. Recognizing and celebrating their contributions is crucial for fostering a more inclusive and equitable economic future. The future success of the global economy hinges on empowering women to fully participate and contribute their talents.
FAQs
1. Who are some contemporary women making significant contributions to economics today? Several prominent contemporary economists include Esther Duflo (Nobel Laureate), Janet Yellen (current US Treasury Secretary), and Gita Gopinath (First Deputy Managing Director of the IMF). Their work continues to shape economic policy and research.
2. How can we encourage more women to pursue careers in economics? Promoting STEM education for girls, providing mentorship opportunities for female students and professionals, and addressing systemic biases within academic institutions and workplaces are crucial steps.
3. What is the impact of women's entrepreneurship on the global economy? Women-owned businesses contribute significantly to job creation and economic growth, particularly in developing countries. Their unique perspectives and approaches often lead to innovative products and services.
4. How does gender inequality impact economic development? Gender inequality hinders economic growth by limiting women's access to education, employment, and financial resources. Closing the gender gap is essential for achieving sustainable development goals.
5. What role does policy play in promoting gender equality in economics? Governments can implement policies aimed at promoting equal pay, access to credit, affordable childcare, and parental leave to support women's economic participation. These policies are crucial for achieving true economic equality.
| she holds economics in her hands who is she: Who Cooked Adam Smith’s Dinner? Katrine Marçal, 2015-04-22 A feminist critique of new-liberalism. How do you get your dinner? That is the basic question of economics. It might seem easy, but it is actually very complicated. When economist and philosopher Adam Smith proclaimed that all our actions were motivated by self-interest, and that the world turns because of financial gain, he laid the foundations for ‘economic man’. Selfish and cynical, ‘economic man’ has dominated our thinking ever since – he is the ugly rational heart of modern day capitalism. But, every night, Adam Smith's mother served him his dinner, not out of self-interest, but out of love. Even today, the unpaid work of mothering, caring, cleaning, and cooking is not part of our economic models. All over the world, there are economists who believe that if women are paid less, it’s because their labour is worth less. In this engaging, popular look at the mess we're in, Katrine Marçal charts the myth of economic man, from its origins at Adam Smith's dinner table, its adaptation by the Chicago School, and, finally its disastrous role in the 2008 Global Financial Crisis — and invites us to kick out economic man once and for all. PRAISE FOR KATRINE MARÇAL ‘The word economy comes from the Greek oikos, meaning home, and yet until recently, economists failed to factor home economics — women’s unpaid work — into their equations … As Katrine Marçal so wittily shows, this masculine construction is a myth that ignores the irrational, emotional and often altruistic reality of our lives … This wonderfully accessible and entertaining book empowers readers to question the economic ‘‘truths’’ that have come to dominate our lives.’ The Sydney Morning Herald |
| she holds economics in her hands who is she: Confessions of an Economic Hit Man John Perkins, 2004-11-09 Perkins, a former chief economist at a Boston strategic-consulting firm, confesses he was an economic hit man for 10 years, helping U.S. intelligence agencies and multinationals cajole and blackmail foreign leaders into serving U.S. foreign policy and awarding lucrative contracts to American business. |
| she holds economics in her hands who is she: The Experience Economy B. Joseph Pine, James H. Gilmore, 1999 This text seeks to raise the curtain on competitive pricing strategies and asserts that businesses often miss their best opportunity for providing consumers with what they want - an experience. It presents a strategy for companies to script and stage the experiences provided by their products. |
| she holds economics in her hands who is she: Sacred Economics Charles Eisenstein, 2011-07-12 Sacred Economics traces the history of money from ancient gift economies to modern capitalism, revealing how the money system has contributed to alienation, competition, and scarcity, destroyed community, and necessitated endless growth. Today, these trends have reached their extreme—but in the wake of their collapse, we may find great opportunity to transition to a more connected, ecological, and sustainable way of being. This book is about how the money system will have to change—and is already changing—to embody this transition. A broadly integrated synthesis of theory, policy, and practice, Sacred Economics explores avant-garde concepts of the New Economics, including negative-interest currencies, local currencies, resource-based economics, gift economies, and the restoration of the commons. Author Charles Eisenstein also considers the personal dimensions of this transition, speaking to those concerned with right livelihood and how to live according to their ideals in a world seemingly ruled by money. Tapping into a rich lineage of conventional and unconventional economic thought, Sacred Economics presents a vision that is original yet commonsense, radical yet gentle, and increasingly relevant as the crises of our civilization deepen. Sacred Economics official website: http://sacred-economics.com/ |
| she holds economics in her hands who is she: Doughnut Economics Kate Raworth, 2018-03-08 Economics is the mother tongue of public policy. It dominates our decision-making for the future, guides multi-billion-dollar investments, and shapes our responses to climate change, inequality, and other environmental and social challenges that define our times. Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike. That’s why it is time, says renegade economist Kate Raworth, to revise our economic thinking for the 21st century. In Doughnut Economics, she sets out seven key ways to fundamentally reframe our understanding of what economics is and does. Along the way, she points out how we can break our addiction to growth; redesign money, finance, and business to be in service to people; and create economies that are regenerative and distributive by design. Named after the now-iconic “doughnut” image that Raworth first drew to depict a sweet spot of human prosperity (an image that appealed to the Occupy Movement, the United Nations, eco-activists, and business leaders alike), Doughnut Economics offers a radically new compass for guiding global development, government policy, and corporate strategy, and sets new standards for what economic success looks like. Raworth handpicks the best emergent ideas—from ecological, behavioral, feminist, and institutional economics to complexity thinking and Earth-systems science—to address this question: How can we turn economies that need to grow, whether or not they make us thrive, into economies that make us thrive, whether or not they grow? Simple, playful, and eloquent, Doughnut Economics offers game-changing analysis and inspiration for a new generation of economic thinkers. |
| she holds economics in her hands who is she: The Great Escape Angus Deaton, 2024-05-21 A Nobel Prize–winning economist tells the remarkable story of how the world has grown healthier, wealthier, but also more unequal over the past two and half centuries The world is a better place than it used to be. People are healthier, wealthier, and live longer. Yet the escapes from destitution by so many has left gaping inequalities between people and nations. In The Great Escape, Nobel Prize–winning economist Angus Deaton—one of the foremost experts on economic development and on poverty—tells the remarkable story of how, beginning 250 years ago, some parts of the world experienced sustained progress, opening up gaps and setting the stage for today's disproportionately unequal world. Deaton takes an in-depth look at the historical and ongoing patterns behind the health and wealth of nations, and addresses what needs to be done to help those left behind. Deaton describes vast innovations and wrenching setbacks: the successes of antibiotics, pest control, vaccinations, and clean water on the one hand, and disastrous famines and the HIV/AIDS epidemic on the other. He examines the United States, a nation that has prospered but is today experiencing slower growth and increasing inequality. He also considers how economic growth in India and China has improved the lives of more than a billion people. Deaton argues that international aid has been ineffective and even harmful. He suggests alternative efforts—including reforming incentives to drug companies and lifting trade restrictions—that will allow the developing world to bring about its own Great Escape. Demonstrating how changes in health and living standards have transformed our lives, The Great Escape is a powerful guide to addressing the well-being of all nations. |
| she holds economics in her hands who is she: The Economic Consequences of the Peace John Maynard Keynes, 2022-05-09 The Economic Consequences of the Peace - John Maynard Keynes - The Economic Consequences of the Peace (1919) is a book written and published by the British economist John Maynard Keynes. After the First World War, Keynes attended the Paris Peace Conference of 1919 as a delegate of the British Treasury. In his book, he argued for a much more generous peace, not out of a desire for justice or fairness – these are aspects of the peace that Keynes does not deal with – but for the sake of the economic well-being of all of Europe, including the Allied Powers, which the Treaty of Versailles and its associated treaties would prevent. The book was a best-seller throughout the world and was critical in establishing a general opinion that the treaties were a Carthaginian peace designed to crush the defeated Central Powers, especially Germany. It helped to consolidate American public opinion against the treaties and against joining the League of Nations. The perception by much of the British public that Germany had been treated unfairly was, in turn, a crucial factor in later public support for the appeasement of Hitler. The success of the book established Keynes' reputation as a leading economist, especially on the left. When Keynes was a key player in establishing the Bretton Woods system in 1944, he remembered the lessons from Versailles as well as the Great Depression. The Marshall Plan, which was promulgated to rebuild Europe after the Second World War, was similar to the system proposed by Keynes in The Economic Consequences of the Peace. |
| she holds economics in her hands who is she: General Theory Of Employment , Interest And Money John Maynard Keynes, 2016-04 John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and Keynesian views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning |
| she holds economics in her hands who is she: The Future of Capitalism Paul Collier, 2018-10-04 *FEATURED IN BILL GATES'S 2019 SUMMER READING RECOMMENDATIONS* From world-renowned economist Paul Collier, a candid diagnosis of the failures of capitalism and a pragmatic and realistic vision for how we can repair it Deep new rifts are tearing apart the fabric of Britain and other Western societies: thriving cities versus the provinces, the highly skilled elite versus the less educated, wealthy versus developing countries. As these divides deepen, we have lost the sense of ethical obligation to others that was crucial to the rise of post-war social democracy. So far these rifts have been answered only by the revivalist ideologies of populism and socialism, leading to the seismic upheavals of Trump, Brexit and the return of the far right in Germany. We have heard many critiques of capitalism but no one has laid out a realistic way to fix it, until now. In a passionate and polemical book, celebrated economist Paul Collier outlines brilliantly original and ethical ways of healing these rifts - economic, social and cultural - with the cool head of pragmatism, rather than the fervour of ideological revivalism. He reveals how he has personally lived across these three divides, moving from working-class Sheffield to hyper-competitive Oxford, and working between Britain and Africa, and acknowledges some of the failings of his profession. Drawing on his own solutions as well as ideas from some of the world's most distinguished social scientists, he shows us how to save capitalism from itself - and free ourselves from the intellectual baggage of the 20th century. |
| she holds economics in her hands who is she: The Grabbing Hand Andrei Shleifer, Robert W. Vishny, 1998 In many countries, public sector institutions impose heavy burdens on economic life. As a consequence of predatory policies, entrepreneurship lingers and economies stagnate. The authors of this collection describe many of these pathologies of a grabbing hand government, and examine their consequences for growth. |
| she holds economics in her hands who is she: Capital in the Twenty-First Century Thomas Piketty, 2017-08-14 What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today. |
| she holds economics in her hands who is she: The Great Economists Linda Yueh, 2018-03-15 What can the ideas of history's greatest economists tell us about the most important issues of our time? 'The best place to start to learn about the very greatest economists of all time' Professor Tyler Cowen, author of The Complacent Class and The Great Stagnation ___________________________ Since the days of Adam Smith, economists have grappled with a series of familiar problems -- but often their ideas are hard to digest, before we even try to apply them to today's issues. Linda Yueh is renowned for her combination of erudition, as an accomplished economist herself, and accessibility, as a leading writer and broadcaster in this field; and in The Great Economists she explains the key thoughts of history's greatest economists, how their lives and times affected their ideas, how our lives have been influenced by their work, and how they could help with the policy challenges that we face today. In the light of current economic problems, and in particular economic growth, Yueh explores the thoughts of economists from Adam Smith and David Ricardo through Joan Robinson and Milton Friedman to Douglass North and Robert Solow. Along the way she asks, for example: what do the ideas of Karl Marx tell us about the likely future for the Chinese economy? How does the work of John Maynard Keynes, who argued for government spending to create full employment, help us think about state investment? And with globalization in trouble, what can we learn about handling Brexit and Trumpism? In one accessible volume, this expert new voice provides an overarching guide to the biggest questions of our time. The Great Economists includes: Adam Smith David Ricardo Karl Marx Alfred Marshall Irving Fisher John Maynard Keynes Joseph Schumpeter Friedrich Hayek Joan Robinson Milton Friedman Douglass North Robert Solow ___________________________ 'Economics students, like others, can learn a lot from this book' - Professor Paul Collier, author of The Bottom Billion 'Not only a great way to learn in an easily readable manner about some of the greatest economic influences of the past, but also a good way to test your own a priori assumptions about some of the big challenges of our time' - Lord Jim O'Neill, former Chairman at Goldman Sachs Asset Management, former UK Treasury Minister, and author of The Growth Map 'An extremely engaging survey of the lifetimes and ideas of the great thinkers of economic history' - Professor Kenneth Rogoff, author of The Curse of Cash and co-author of This Time is Different 'This book is a very readable introduction to the lives and thinking of the greats' - Professor Raghuram Rajan, former Governor of the Reserve Bank of India, and author of I Do What I Do and Fault Lines 'Read it not only to learn about the world's great economists, but also to see how consequential thought innovations can be, and have been' - Mohamed el-Erian, Chief Economic Adviser at Allianz, former CEO of PIMCO |
| she holds economics in her hands who is she: The Wealth of Nations Adam Smith, 2010-10-12 THE MOST INFLUENTIAL BOOK ON MODERN ECONOMICS The Wealth of Nations is an economics book like no other. First published in 1776, Adam Smith's groundbreaking theories provide a recipe for national prosperity that has not been bettered since. It assumes no prior knowledge of its subject, and over 200 years on, still provides valuable lessons on the fundamentals of economics. This keepsake edition is a selected abridgement of all five books, and includes an Introduction by Tom Butler-Bowdon, drawing out lessons for the contemporary reader, a Foreword from Eamonn Butler, Director of the Adam Smith Institute, and a Preface from Dr. Razeen Sally of the London School of Economics. |
| she holds economics in her hands who is she: Sensibility and Economics in the Novel G. Skinner, 1998-12-13 Sensibility and Economics in the Novel argues that the sentimental novel, usually seen as a 'feminine' genre concentrating exclusively on emotional response, is in fact actively involved in contemporary economic and political debates. Spanning the period encompassing the rise, heyday and decline of sentimentalism, the book considers how the trajectory of the movement affected the sentimental novel's use of discourses of economics, sensibility and femininity, and assesses the impact of the pressures of the post-Revolutionary 1790s on these areas. |
| she holds economics in her hands who is she: Babyhood Leroy Milton Yale, 1891 |
| she holds economics in her hands who is she: The Age of Surveillance Capitalism Shoshana Zuboff, 2019-01-31 THE TOP 10 SUNDAY TIMES BESTSELLER A NEW YORK TIMES NOTABLE BOOK OF THE YEAR ONE OF BARACK OBAMA'S TOP BOOKS OF THE YEAR Shortlisted for The Orwell Prize 2020 Shortlisted for the FT Business Book of the Year Award 2019 'Easily the most important book to be published this century. I find it hard to take any young activist seriously who hasn't at least familarised themselves with Zuboff's central ideas.' - Zadie Smith, The Guardian The challenges to humanity posed by the digital future, the first detailed examination of the unprecedented form of power called surveillance capitalism, and the quest by powerful corporations to predict and control us. The heady optimism of the Internet's early days is gone. Technologies that were meant to liberate us have deepened inequality and stoked divisions. Tech companies gather our information online and sell it to the highest bidder, whether government or retailer. Profits now depend not only on predicting our behaviour but modifying it too. How will this fusion of capitalism and the digital shape our values and define our future? Shoshana Zuboff shows that we are at a crossroads. We still have the power to decide what kind of world we want to live in, and what we decide now will shape the rest of the century. Our choices: allow technology to enrich the few and impoverish the many, or harness it and distribute its benefits. The Age of Surveillance Capitalism is a deeply-reasoned examination of the threat of unprecedented power free from democratic oversight. As it explores this new capitalism's impact on society, politics, business, and technology, it exposes the struggles that will decide both the next chapter of capitalism and the meaning of information civilization. Most critically, it shows how we can protect ourselves and our communities and ensure we are the masters of the digital rather than its slaves. |
| she holds economics in her hands who is she: The Economics of Neighborly Love Tom Nelson, 2017-09-05 What does the good news of Jesus mean for economics? Marrying biblical study, economic theory, and practical advice, pastor Tom Nelson presents a vision for church ministry that works toward the flourishing of the local community, beginning with its poorest and most marginalized members and pushing us toward more nuanced understandings of wealth and poverty. |
| she holds economics in her hands who is she: Equality, the Third World, and Economic Delusion Péter Tamás Bauer, 1981 Even in impoverished countries lacking material and human resources, P. T. Bauer argues, economic growth is possible under the right conditions. These include a certain amount of thrift and enterprise among the people, social mores and traditions which sustain them, and a firm but limited government which permits market forces to work. Challenging many views about development that are widely held, Bauer takes on squarely the notion that egalitarianism is an appropriate goal. He goes on to argue that the population explosion of less-developed countries has on the whole been a voluntary phenomenon and that each new generation has lived better than its forebears. He also critically examines the notion that the policies and practices of Western nations have been responsible for third world poverty. In a major chapter, he reviews the rationalizations for foreign aid and finds them weak; while in another he shows that powerful political clienteles have developed in the Western nations supporting the foreign aid process and probably benefiting more from it than the alleged recipients. Another chapter explores the link between the issue of Special Drawing Rights by the International Monetary Fund on the one hand and the aid process on the other. Throughout the book, Bauer carefully examines the evidence and the light it throws on the propositions of development. Although the results of his analysis contradict the conventional wisdom of development economics, anyone who is seriously concerned with the subject must take them into account. |
| she holds economics in her hands who is she: Reframing Economics Roger A McCain, 2014-03-28 The objectives of this book are twofold. Firstly, it proposes that economics should be defined as a study of imperfect cooperation. Secondly, it elucidates the continuities that extend from classical political economy through the neoclassical, Keynesia |
| she holds economics in her hands who is she: And the Weak Suffer What They Must? Yanis Varoufakis, 2016-04-07 **THE SUNDAY TIMES NUMBER ONE BESTSELLER** The most recognisable economist on the planet, Yanis Varoufakis, puts forth his case to reform an EU that currently fails it weakest citizens. In this startling account of Europe’s economic rise and catastrophic fall, Varoufakis pinpoints the flaws in the European Union’s design – a design thought up after the Second World War, and one responsible for Europe’s fragmentation and resurgence of racist extremism. When the financial crisis struck in 2008, the political elite’s response ensured it would be the weakest citizens of the weakest nations that paid the price for the bankers’ mistakes. Drawing on his personal experience of negotiations with the eurozone’s financiers, and offering concrete policies to reform Europe, the former finance minister of Greece shows how we concocted this mess and points our way out of it. And The Weak Suffer What They Must? highlights our history to tell us what we must do to save European capitalism and democracy from the abyss. With the future of Europe under intense scrutiny after Brexit, this is the must-read book to explain Europe's structural flaws and how to fix them. 'If you ever doubt what is at stake in Europe - read Varoufakis's account' Guardian |
| she holds economics in her hands who is she: The Woman's World ... Oscar Wilde, 1889 |
| she holds economics in her hands who is she: A Theory of Economic Systems Manuel Gottlieb, 2013-09-25 A Theory of Economic Systems is a systematic inquiry into the nature of historical economic systems, their relationships to each other, their peripheral areas, and the ways in which they and their components have evolved over time. Topics covered include modes of production; coordination of resource use; functions of the state in the economy; and the institutions of money and property. Comprised of nine chapters, this book begins with a brief introduction to the frame of reference; basic definitions of the terms used in economic systems; methodological issues; and the bounds of the inquiry. The next chapters are devoted to modes of production or forms of productive organization. Ten distinct modes of production are identified, with different modes sometimes dominant in different fields of economic activity (agriculture, industry, wholesale trade, urban services, etc.). The way the use of economic resources is coordinated both within and between modes is considered, with particular reference to markets, rationing, and central planning. Subsequent chapters focus on the role of the state and the public economy in economic systems; money and property; the ways in which separate economic systems may be drawn into meaningful multinational gestalts or orders; and problems of system classification. The book concludes by listing eight broad family types of systems into which most, if not all, historically experienced systems may fit. This monograph should appeal to social scientists in varied fields of specialization such as geography, sociology, economic history, political science, and economics. |
| she holds economics in her hands who is she: Economics of Good and Evil Tomas Sedlacek, 2011-07-01 Tomas Sedlacek has shaken the study of economics as few ever have. Named one of the Young Guns and one of the five hot minds in economics by the Yale Economic Review, he serves on the National Economic Council in Prague, where his provocative writing has achieved bestseller status. How has he done it? By arguing a simple, almost heretical proposition: economics is ultimately about good and evil. In The Economics of Good and Evil, Sedlacek radically rethinks his field, challenging our assumptions about the world. Economics is touted as a science, a value-free mathematical inquiry, he writes, but it's actually a cultural phenomenon, a product of our civilization. It began within philosophy--Adam Smith himself not only wrote The Wealth of Nations, but also The Theory of Moral Sentiments--and economics, as Sedlacek shows, is woven out of history, myth, religion, and ethics. Even the most sophisticated mathematical model, Sedlacek writes, is, de facto, a story, a parable, our effort to (rationally) grasp the world around us. Economics not only describes the world, but establishes normative standards, identifying ideal conditions. Science, he claims, is a system of beliefs to which we are committed. To grasp the beliefs underlying economics, he breaks out of the field's confines with a tour de force exploration of economic thinking, broadly defined, over the millennia. He ranges from the epic of Gilgamesh and the Old Testament to the emergence of Christianity, from Descartes and Adam Smith to the consumerism in Fight Club. Throughout, he asks searching meta-economic questions: What is the meaning and the point of economics? Can we do ethically all that we can do technically? Does it pay to be good? Placing the wisdom of philosophers and poets over strict mathematical models of human behavior, Sedlacek's groundbreaking work promises to change the way we calculate economic value. |
| she holds economics in her hands who is she: Mission Economy Mariana Mazzucato, 2021-01-28 'One of the most influential economists in the world' Wired Even before the Covid-19 pandemic in 2020, capitalism was stuck. It had no answers to a host of problems, including disease, inequality, the digital divide and, perhaps most blatantly, the environmental crisis. Taking her inspiration from the 'moonshot' programmes which successfully co-ordinated public and private sectors on a massive scale, Mariana Mazzucato calls for the same level of boldness and experimentation to be applied to the biggest problems of our time. We must, she argues, rethink the capacities and role of government within the economy and society, and above all recover a sense of public purpose. Mission Economy, whose ideas are already being adopted around the world, offers a way out of our impasse to a more optimistic future. |
| she holds economics in her hands who is she: Objects as Actors Melissa Mueller, 2016-01-08 'Objects as Actors' charts a new approach to Greek tragedy based on an obvious, yet often overlooked, fact: Greek tragedy was meant to be performed. As plays, the works were incomplete without physical items - theatrical props. The author shows the importance of objects in the staging and reception of Athenian tragedy. |
| she holds economics in her hands who is she: GDP Diane Coyle, 2015-09-22 How GDP came to rule our lives—and why it needs to change Why did the size of the U.S. economy increase by 3 percent on one day in mid-2013—or Ghana's balloon by 60 percent overnight in 2010? Why did the U.K. financial industry show its fastest expansion ever at the end of 2008—just as the world’s financial system went into meltdown? And why was Greece’s chief statistician charged with treason in 2013 for apparently doing nothing more than trying to accurately report the size of his country’s economy? The answers to all these questions lie in the way we define and measure national economies around the world: Gross Domestic Product. This entertaining and informative book tells the story of GDP, making sense of a statistic that appears constantly in the news, business, and politics, and that seems to rule our lives—but that hardly anyone actually understands. Diane Coyle traces the history of this artificial, abstract, complex, but exceedingly important statistic from its eighteenth- and nineteenth-century precursors through its invention in the 1940s and its postwar golden age, and then through the Great Crash up to today. The reader learns why this standard measure of the size of a country’s economy was invented, how it has changed over the decades, and what its strengths and weaknesses are. The book explains why even small changes in GDP can decide elections, influence major political decisions, and determine whether countries can keep borrowing or be thrown into recession. The book ends by making the case that GDP was a good measure for the twentieth century but is increasingly inappropriate for a twenty-first-century economy driven by innovation, services, and intangible goods. |
| she holds economics in her hands who is she: Counting for Nothing Marilyn Waring, 1999-01-01 The calculation of national wealth is full of bias, particularly gender bias against women. Waring's classic analysis of women's place in the world economy is brought up to date in this reprinted edition by a sizable new introduction by the author. |
| she holds economics in her hands who is she: The Consolations of Economics Gerard Lyons, 2014-06-17 In the next twenty years the world economy will enjoy one of its strongest periods of growth. Greater innovation and technical change will increase opportunities. Life expectancy, income and educational standards will rise. The West's share in the global economic cake may get smaller, but there will be more cake than ever before. These are the predictions of Gerard Lyons, a leading international economist who spent nearly thirty years working in the City. He is now the chief economic adviser to the Mayor of London. Over the last quarter-century he has been ahead of the game in predicting the major economic trends that we now take as a given. The Consolations of Economics is a lucid and accessible expert's attempt to look objectively at the changing global economy - what is happening and what it means. He shows how we can embrace change, rather than hide from it. The results are fascinating, refreshing - and unusually cheering. |
| she holds economics in her hands who is she: Warm Hands in Cold Age Nancy Folbre, Lois Shaw, Agneta Stark, 2013-09-13 Public discussion of population aging usually focuses on the financial burden that increasingly elderly populations will impose on younger generations. Scholars give much less attention to who does the actual work of day-to-day care for those no longer able to care for themselves; and although women are the majority among the elderly, little is heard about gender differences in economic resources or the need for care. This volume is dedicated to giving gender - and a full range of social and cultural differences - their rightful place in these discussions. The authors address, amongst other issues: the worldwide dilemmas of eldercare the structure of income and care provisions for older populations the role of family, marital status, and class in these provisions the impact of polices affecting retirement age the role of social insurance in preventing poverty among elderly women. The essays included address these topics in a myriad of geographical contexts, including South Africa, the US, Palestine, Australia, South Korea, Spain, Germany, and Sweden. The concerns highlighted here also remind us that whether through individual families or social insurance, through family caregivers or paid help, the oldest generation will continue to depend on adults of working age for its well-being. This book was previously published as a special issue of Feminist Economics. |
| she holds economics in her hands who is she: Growing Innovation Clusters for American Prosperity National Research Council, Policy and Global Affairs, Board on Science, Technology, and Economic Policy, Committee on Competing in the 21st Century: Best Practice in State and Regional Innovation Initiatives, 2011-11-12 Responding to the challenges of fostering regional growth and employment in an increasingly competitive global economy, many U.S. states and regions have developed programs to attract and grow companies as well as attract the talent and resources necessary to develop innovation clusters. These state and regionally based initiatives have a broad range of goals and increasingly include significant resources, often with a sectoral focus and often in partnership with foundations and universities. These are being joined by recent initiatives to coordinate and concentrate investments from a variety of federal agencies that provide significant resources to develop regional centers of innovation, business incubators, and other strategies to encourage entrepreneurship and high-tech development. This has led to renewed interest in understanding the nature of innovation clusters and public policies associated with successful cluster development. The Board on Science, Technology, and Economic Policy (STEP), conducted a symposium which brought together state and federal government officials, leading analysts, congressional staff, and other stakeholders to explore the role of clusters in promoting economic growth, the government's role in stimulating clusters, and the role of universities and foundations in their development. Growing Innovation Clusters for American Prosperity captures the presentations and discussions of the 2009 STEP symposium on innovation clusters. It includes an overview highlighting key issues raised at the meeting and a summary of the meeting's presentations. This report has been prepared by the workshop rapporteur as a factual summary of what occurred at the workshop. |
| she holds economics in her hands who is she: Narrative Economics Robert J. Shiller, 2020-09-01 From Nobel Prize–winning economist and New York Times bestselling author Robert Shiller, a groundbreaking account of how stories help drive economic events—and why financial panics can spread like epidemic viruses Stories people tell—about financial confidence or panic, housing booms, or Bitcoin—can go viral and powerfully affect economies, but such narratives have traditionally been ignored in economics and finance because they seem anecdotal and unscientific. In this groundbreaking book, Robert Shiller explains why we ignore these stories at our peril—and how we can begin to take them seriously. Using a rich array of examples and data, Shiller argues that studying popular stories that influence individual and collective economic behavior—what he calls narrative economics—may vastly improve our ability to predict, prepare for, and lessen the damage of financial crises and other major economic events. The result is nothing less than a new way to think about the economy, economic change, and economics. In a new preface, Shiller reflects on some of the challenges facing narrative economics, discusses the connection between disease epidemics and economic epidemics, and suggests why epidemiology may hold lessons for fighting economic contagions. |
| she holds economics in her hands who is she: Economic Rent Fouad Sabry, 2024-04-15 What is Economic Rent In neoclassical economics, economic rent is any payment to the owner of a factor of production in excess of the cost needed to bring that factor into production. In classical economics, economic rent is any payment made or benefit received for non-produced inputs such as location (land) and for assets formed by creating official privilege over natural opportunities. In the moral economy of neoclassical economics, economic rent includes income gained by labor or state beneficiaries of other contrived exclusivity, such as labor guilds and unofficial corruption. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Economic rent Chapter 2: Economics Chapter 3: Factors of production Chapter 4: Free market Chapter 5: Microeconomics Chapter 6: Marginal cost Chapter 7: Friedrich von Wieser Chapter 8: Theory of imputation Chapter 9: Classical economics Chapter 10: Macroeconomics Chapter 11: Rent-seeking Chapter 12: Welfare economics Chapter 13: Stolper-Samuelson theorem Chapter 14: Unearned income Chapter 15: Arnold Harberger Chapter 16: Lange model Chapter 17: Law of rent Chapter 18: Schools of economic thought Chapter 19: Kenneth Arrow Chapter 20: Economics terminology that differs from common usage Chapter 21: Cost curve (II) Answering the public top questions about economic rent. (III) Real world examples for the usage of economic rent in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Economic Rent. |
| she holds economics in her hands who is she: Stakeholder Capitalism Klaus Schwab, 2021-01-27 Reimagining our global economy so it becomes more sustainable and prosperous for all Our global economic system is broken. But we can replace the current picture of global upheaval, unsustainability, and uncertainty with one of an economy that works for all people, and the planet. First, we must eliminate rising income inequality within societies where productivity and wage growth has slowed. Second, we must reduce the dampening effect of monopoly market power wielded by large corporations on innovation and productivity gains. And finally, the short-sighted exploitation of natural resources that is corroding the environment and affecting the lives of many for the worse must end. The debate over the causes of the broken economy—laissez-faire government, poorly managed globalization, the rise of technology in favor of the few, or yet another reason—is wide open. Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet argues convincingly that if we don't start with recognizing the true shape of our problems, our current system will continue to fail us. To help us see our challenges more clearly, Schwab—the Founder and Executive Chairman of the World Economic Forum—looks for the real causes of our system's shortcomings, and for solutions in best practices from around the world in places as diverse as China, Denmark, Ethiopia, Germany, Indonesia, New Zealand, and Singapore. And in doing so, Schwab finds emerging examples of new ways of doing things that provide grounds for hope, including: Individual agency: how countries and policies can make a difference against large external forces A clearly defined social contract: agreement on shared values and goals allows government, business, and individuals to produce the most optimal outcomes Planning for future generations: short-sighted presentism harms our shared future, and that of those yet to be born Better measures of economic success: move beyond a myopic focus on GDP to more complete, human-scaled measures of societal flourishing By accurately describing our real situation, Stakeholder Capitalism is able to pinpoint achievable ways to deal with our problems. Chapter by chapter, Professor Schwab shows us that there are ways for everyone at all levels of society to reshape the broken pieces of the global economy and—country by country, company by company, and citizen by citizen—glue them back together in a way that benefits us all. |
| she holds economics in her hands who is she: Karl Marx Achille Loria, 2017-12-04 The socialism that inspires hopes and fears to-day is of the school of Marx. No one is seriously apprehensive of any other so-called socialistic movement, and no one is seriously concerned to criticise or refute the doctrines set forth by any other school of socialists. |
| she holds economics in her hands who is she: Public Papers of the Presidents of the United States United States. President, 1997 |
| she holds economics in her hands who is she: The Economics of the Third Way Philip Arestis, Malcolm C. Sawyer, 2001-01-01 Providing an acute assessment and comprehensive interpretation of the third way, whilst neither endorsing nor dismissing its validity, this book should be widely read by policymakers, political scientists and those with an interest in economic policy and economic analysis. |
| she holds economics in her hands who is she: Public Papers of the Presidents of the United States: William J. Clinton, 1997 Clinton, William J., 1998-01-01 Public Papers of the Presidents of the United States |
| she holds economics in her hands who is she: Keynes and the 'Classics' Michel Verdon, 2002-09-11 Is there a language which is adequate to describe our own economy? In this volume, Michel Verdon undertakes a path-breaking analysis of the three major paradigms in economics: Marxian economics, neo-classical economics and Keynesian economics. Each of these, he argues, has an inherent cosmology, and in the case of both Marxian and neo-classical economics these preclude the development of a language which can accurately describe and analyse an economy. |
| she holds economics in her hands who is she: The World in the Model Mary S. Morgan, 2012-09-17 During the last two centuries, the way economic science is done has changed radically: it has become a social science based on mathematical models in place of words. This book describes and analyses that change - both historically and philosophically - using a series of case studies to illuminate the nature and the implications of these changes. It is not a technical book; it is written for the intelligent person who wants to understand how economics works from the inside out. This book will be of interest to economists and science studies scholars (historians, sociologists and philosophers of science). But it also aims at a wider readership in the public intellectual sphere, building on the current interest in all things economic and on the recent failure of the so-called economic model, which has shaped our beliefs and the world we live in. |
| she holds economics in her hands who is she: Distinguished Women Economists Julianne Cicarelli, 2003-10-30 Women are vital members of the economics profession, yet they have traditionally received scant recognition for their work. This volume provides information on 51 remarkable women in the profession. They come from all areas of economics-academia, the business world, public policy-and include those who are currently active as well as 19th-century pioneers in the field. Entries cover biographical information, as well as the subjects' work, providing a unique guide to the many and varied contributions these women have made to economics. Joan Robinson was one of the most significant economists of the 20th century. Juanita Morris Kreps was Secretary of Commerce under Jimmy Carter. And forecasting guru Abbey Joseph Cohen appears regularly on PBS, CNN, and CNBC. Women are vital members of the economics profession, yet they have traditionally received scant recognition for their work. This volume provides information on 51 remarkable women in the profession. They come from all areas of economics-academia, the business world, public policy-and include those who are currently active as well as 19th-century pioneers in the field. Entries cover biographical information, as well as the subjects' work, providing a unique guide to the many and varied contributions these women have made to economics. Seeking to provide balanced coverage, this book covers accomplished and emerging economists, living and deceased individuals, and women from all philosophical perspectives and economic areas. Some have worked in several areas. Kathleen Bell Cooper, for instance, was Chief Economist at Exxon Corporation and is now Under Secretary of Commerce for Economic Affairs, while Marina Whitman, now with the University of Michigan Business School, was a senior executive with General Motors and the first woman appointed to the President's Council of Economic Advisors. Others have spent their career in academia. All have been prolific writers, as their entries document, and all made their mark on economics. This book is a testament to their achievements. |
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Dr. Mirjana RADOVIC-MARKOVIC is a full professor of
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Dr Neslihan Kahyalar is a Lecturer at De Montfort University.
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J Is for Junk Economics Michael Hudson,2017-02-21 A companion and follow-up to KILLING THE HOST: HOW FINANCIAL PARASITES AND DEBT DESTROY THE GLOBAL ECONOMY. J IS FOR JUNK ECONOMICS pulls back the curtain on the vocabulary and terms of today's tunnel-visioned, overly-mathematized economic lexicon.
Dr. Maite Alguacil holds a PhD in Economics from the …
Dr. Maite Alguacil holds a PhD in Economics from the Universitat Jaume I. She began her doctoral studies at the University of Nottingham, obtaining the title of MSc in Econometrics and International Economics. Previously, she graduated in Economics and Business Administration at the University of Valencia.
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Taylor recently completed her PhD at the University of Arizona, where she specialized in natural resource and environmental economics, economic history, and law and economics. Her interest in social policy issues developed while working in Australia to study the impacts of Queensland’s “Stolen Wages” policies on Indigenous well-being
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she does her work with eager hands. 19 She sets her hands to the dista1, her /ngers grasp the spindle. 20 She holds out her hand to the poor, she opens her arms to the needy. 30 Charm is deceitful, and beauty empty; the woman who is wise is the one to praise. 31 Give her a share in what her hands have worked for, and let her works tell her ...
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Debora Di Gioacchino is Full Professor at Sapienza University of Rome, where she teaches economic policy and health economics. She holds a PhD from the University of Cambridge. Her research interests include political economics, inequalities, education, health and social policy. She has published in international peer reviewed journals.
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What Woman Holds Economics In Her Hand: If Women Counted Marilyn Waring,1990 Who Cooked Adam Smith's Dinner? Katrine Marcal,2016-06-07 How do you get your dinner That is the basic question of economics When economist and philosopher Adam Smith proclaimed that all our actions were motivated by self interest he used the example of the baker and ...
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Jeemol Unni is a Professor of Economics at the Gujarat Institute of Development Research, Ahmedabad. She holds a Ph.D. in Economics. She has carried out extensive research on issues concerning rural and urban labour markets in developing countries. Her special focus in this area is on the informalisation of labour and production
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Apr 24, 2019 · not all the same Mixed bag - infrastructure and innovation The world in their hands - state capitalism looks outward and inward And the winner is - fatal flaws Economics and the Mind Barbara Montero,Mark D. White,2007-01-24 Economics is often defined as the science of choice or human action.
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of her arms stretched out 0.70 m from the center of her body. In each hand she holds a 1.0 kg mass. If angular momentum is conserved, how fast will Ingrid begin to spin if she pulls her arms to a position 0.15 m from the center of her body. (Use L = mvr) 16. Mr. Lindsay sharpens a knife on a grinding wheel whose angular momentum is 27 kgm2/s.
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J Is for Junk Economics Michael Hudson,2017-02-21 A companion and follow-up to KILLING THE HOST: HOW FINANCIAL PARASITES AND DEBT DESTROY THE GLOBAL ECONOMY. J IS FOR JUNK ECONOMICS pulls back the curtain on the vocabulary and terms of today's tunnel-visioned, overly-mathematized economic lexicon.
