The economics literature suggests that enhanced social connection can increase trust amongst agents, which can ultimately lead to more efficient economic outcomes, including increased provision of public goods.
Free markets are "efficient" — which, in economics-speak as opposed to plain English, means that nobody can be made better off without making someone else worse off.
Many economists supplement their academic earnings by appearing in court as expert witnesses, and consultancies earn a fortune by advising governments on economically efficient law-making.It should be noted, though, that the "economics" of the law-and-economics movement is a specific sort of economics, with an orthodox free-market flavour.
But the cover illustration of trickle-down economics and efficient financial markets illustrates that the Chicago school is deemed to be the haven of the undead.It is an entertaining and thought-provoking book by an Australian academic John Quiggin, which also works as a good summary for non-specialists of how the economics debate has developed (NB the book will not be published until October).
Mr. Blair, newly turned 50, has enjoyed high popularity ratings longer than any prime minister in British history, and the statistics he displayed today showed some indisputable accomplishment in delivering sound economics, more efficient health services, better education and reduced crime.
This paper reviews studies in economics on efficient design of policies for forest carbon sequestration and compares their findings against design systems in practice.
At that moment, I realized that market economics measures efficient production and distribution of resources, but nothing more.
But it has focused on making its economics more efficient, improving design, expanding product categories and choosing appropriate locations, notes Allen.
The composition of plant cell walls and the polysaccharides embedded therein has a fundamental effect on human health, but also on the economics and efficient transition of plant biomass to biofuel.
Siemens also upgraded the complex's lighting systems to make the facility more energy-efficient and improve the economics of the entire project.
