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Africa: The Last Frontier

Africa: The Last Frontier  

Marcelo M. Giugale

in Economic Development: What Everyone Needs to Know® (2 ed.)

Published in Print: 
14 September 2017
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190688417.003.0006
Format: 
chapter
Is Africa’s emergence for real? Do you sometimes wish you had bought property in Mumbai, Shanghai, or Rio ten years ago? You would have more than tripled your money. Well, ten ... More
Agriculture, Land, and the Rural Economy

Agriculture, Land, and the Rural Economy  

Arthur R. Kroeber

in China's Economy: What Everyone Needs to Know® (2 ed.)

Published in Print: 
08 September 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190946470.003.0004
Format: 
chapter
Why does agriculture matter? It may seem odd to begin our discussion of a great industrial economy with agriculture. In China today, agriculture accounts for only 8 percent of GDP. ... More
Are We Heading Back to the Victorian Age?

Are We Heading Back to the Victorian Age?  

James K. Galbraith

in Inequality: What Everyone Needs to Know®

Published in Print: 
31 March 2016
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190250461.003.0008
Format: 
chapter
In his important book published in 2014, Capital in the Twenty-first Century, Thomas Piketty of the Paris School of Economics has argued that, as a matter of fundamental tendency, ... More
Are Women an Important Part of the Economy?

Are Women an Important Part of the Economy?  

Laura M. Argys and Susan L. Averett

in Women in the Workforce: What Everyone Needs to Know

Published in Print: 
Jan 2022
Series: 
What Everyone Needs to Know
Published Online: 
Jan 2021
DOI: 
10.1093/wentk/9780190093396.003.0002
Format: 
chapter
When people think about contributing to the economy, they often consider the work they and others perform in the job market. We start this chapter by explaining how women’s involvement in ... More
Asymmetries and Terrorism

Asymmetries and Terrorism  

Todd Sandler

in Terrorism: What Everyone Needs to Know®

Published in Print: 
15 November 2018
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190845841.003.0005
Format: 
chapter
Why Are Asymmetries Important for Terrorism? At 11:18 a.m. on October 12, 2000, a small fiberglass boat sped toward the port side of the USS Cole, moored for a routine fuel stop at ... More
Basic Monetary Policy Objectives

Basic Monetary Policy Objectives  

Stephen H. Axilrod

in The Federal Reserve: What Everyone Needs to Know®

Published in Print: 
06 June 2013
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780199934485.003.0003
Format: 
chapter
What are the Fed’s basic objectives? As noted in the preceding chapter, the goals set for monetary policy in the Federal Reserve Act are maximum employment, stable prices, and low, ... More
The Behavioral Economics of Tax Policy (or Tax Policy for Imperfect Humans)

The Behavioral Economics of Tax Policy (or Tax Policy for Imperfect Humans)  

Leonard E. Burman and Joel Slemrod

in Taxes in America: What Everyone Needs to Know® (2 ed.)

Published in Print: 
27 February 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190920869.003.0011
Format: 
chapter
What is behavioral economics? The standard economic model assumes that individuals and businesses are rational, well informed, and good at math. Individuals make themselves and ... More
Building a Portfolio with a PurposeHow to Benefit You and Society

Building a Portfolio with a Purpose: How to Benefit You and Society  

H. Kent Baker, Hunter M. Holzhauer, and John R. Nofsinger

in Sustainable Investing: What Everyone Needs to Know

Published in Print: 
05 January 2022
Series: 
What Everyone Needs to Know
Published Online: 
26 January 2022
DOI: 
10.1093/wentk/9780197643815.003.0006
Format: 
chapter
This chapter fo-cuses on building a portfolio extending beyond purely financial returns. The main differences between building a portfolio for traditional and sustainable investors concern ... More
The Burden of Taxation

The Burden of Taxation  

Leonard E. Burman and Joel Slemrod

in Taxes in America: What Everyone Needs to Know® (2 ed.)

Published in Print: 
27 February 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190920869.003.0008
Format: 
chapter
What makes a tax system fair? The issue of tax fairness is highly contentious, and, unfortunately, economics provides little precise guidance. For example, some people think that a ... More
Business Income Taxes

Business Income Taxes  

Leonard E. Burman and Joel Slemrod

in Taxes in America: What Everyone Needs to Know® (2 ed.)

Published in Print: 
27 February 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190920869.003.0003
Format: 
chapter
How do we tax corporations’ income? In principle, under an income tax all income is subject to taxation. Moreover, no kinds of income are subject to exceptionally high tax and no ... More
The Carbon Footprint Controversy

The Carbon Footprint Controversy  

F. Bailey Norwood, Pascal A. Oltenacu, Michelle S. Calvo-Lorenzo, and Sarah Lancaster

in Agricultural and Food Controversies: What Everyone Needs to Know®

Published in Print: 
22 January 2015
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780199368433.003.0004
Format: 
chapter
What Is the Carbon Footprint Controversy? Nearly all humans consume meat, dairy, and egg products in some form. In recent years the environmental movement has touted the necessity ... More
The Case for Free Trade

The Case for Free Trade  

Anne O. Krueger

in International Trade: What Everyone Needs to Know®

Published in Print: 
20 October 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190900465.003.0004
Format: 
chapter
Why do economists support free trade? There is free trade when residents have the same freedom to buy and sell abroad as they do at home. That does not mean that individuals can ... More
Case Studies of Protection for Manufacturing Industries

Case Studies of Protection for Manufacturing Industries  

Anne O. Krueger

in International Trade: What Everyone Needs to Know®

Published in Print: 
20 October 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190900465.003.0009
Format: 
chapter
Why look at manufacturing protection? In Chapter 4, it was seen that free trade would maximize the goods and services available in the nation’s economy and with enough left over ... More
Categorical Inequality

Categorical Inequality  

James K. Galbraith

in Inequality: What Everyone Needs to Know®

Published in Print: 
31 March 2016
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190250461.003.0003
Format: 
chapter
There is another way to think about inequalities. And that is to classify individuals into groups to which they belong, and look at the inequalities that exist between various groups, ... More
Causes of Changing Inequality in the United States

Causes of Changing Inequality in the United States  

James K. Galbraith

in Inequality: What Everyone Needs to Know®

Published in Print: 
31 March 2016
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190250461.003.0006
Format: 
chapter
A half-century ago, the study of economic inequality was moribund in the United States. Indeed, in 1958 John Kenneth Galbraith noted in The Affluent Society that “few things are more ... More
Causes of Changing Inequality in the World

Causes of Changing Inequality in the World  

James K. Galbraith

in Inequality: What Everyone Needs to Know®

Published in Print: 
31 March 2016
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190250461.003.0007
Format: 
chapter
When we move toward an analysis of inequalities in the wider world, we are required to cope with far more complex and uncertain data, and at the same time to seek simpler and more abstract ... More
Causes of Terrorism

Causes of Terrorism  

Todd Sandler

in Terrorism: What Everyone Needs to Know®

Published in Print: 
15 November 2018
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190845841.003.0002
Format: 
chapter
What Are the Main Causes of Terrorism? The four waves of terrorism, presented in chapter 1, demonstrate some general causes of terrorism: anarchy, nationalism, leftist ideology, ... More
The Changing Investment LandscapeThe Past, Present, and Future

The Changing Investment Landscape: The Past, Present, and Future  

H. Kent Baker, Hunter M. Holzhauer, and John R. Nofsinger

in Sustainable Investing: What Everyone Needs to Know

Published in Print: 
05 January 2022
Series: 
What Everyone Needs to Know
Published Online: 
26 January 2022
DOI: 
10.1093/wentk/9780197643815.003.0001
Format: 
chapter
Sustainable in-vesting has changed considerably over time. Historically, many viewed it as a form of religious in-vesting that focused mainly on prohibiting “sinful” practices such as usury ... More
Changing the Growth Model

Changing the Growth Model  

Arthur R. Kroeber

in China's Economy: What Everyone Needs to Know® (2 ed.)

Published in Print: 
08 September 2020
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780190946470.003.0014
Format: 
chapter
Why does China need to change its growth model? Since reforms began in 1979, China has become one of the world’s greatest economic success stories. At no point during those decades ... More
The Chemical Fertilizer Controversy

The Chemical Fertilizer Controversy  

F. Bailey Norwood, Pascal A. Oltenacu, Michelle S. Calvo-Lorenzo, and Sarah Lancaster

in Agricultural and Food Controversies: What Everyone Needs to Know®

Published in Print: 
22 January 2015
Published Online: 
12 November 2020
DOI: 
10.1093/wentk/9780199368433.003.0003
Format: 
chapter
What Is the Chemical Fertilizer Controversy? Chemical fertilizer has an almost miraculous impact on crop yields—so miraculous, in fact, that some people mistake it for a divine ... More

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