Newswise Social and Behavioral Sciences News | Infidelity Has Different Economic Costs for Men and Women: "The possibility of eternal damnation has no sway over whether men stay faithful to their wives, but the possibility of getting caught sure does. These are among the results found in new research released today by the University of New Hampshire about the economic costs and benefits of cheating on a spouse and how they differ for men and women.
“People make a cost-benefit calculation when considering whether to have an extramarital affair. This calculation has a connection with biological and socioeconomic factors, and men and women calculate the net benefits from having an affair differently,” said Bruce Elmslie, professor of economics at the UNH Whittemore School of Business and Economics and lead author of the study, which was conducted with Edinaldo Tebaldi, assistant professor of economics at Bryant University.
Elmslie and Tebaldi present their research in the latest issue of the journal Kyklos in the article “So, What Did You Do Last Night? The Economics of Infidelity.”
According to the researchers, the behavior of men and women toward infidelity differs substantially, as men and women respond differently to the perceived costs and benefits of an affair. For women, biological and socioeconomic factors – men who are good candidates to father a child and who"
Tuesday, August 12, 2008
Real Time Economics
Real Time Economics : The Second-Half Outlook: A Global Recession?: "Consumption is poised for its first quarterly contraction since the 1990-91 recession in the coming months, while export growth is losing steam as economic weakness is spreading in Europe, the U.K., Japan, and elsewhere. Prospects for investment and government spending, meanwhile, are shaky at best.
“The global economic slowdown has broadened and intensified,” wrote J.P. Morgan economists Friday in a note to clients, adding that data released this week “should confirm that that Euro area and Japan contracted last quarter….Emerging market economies are also cooling materially.”
Slowing demand for U.S. exports, which have been a crucial source of strength for the economy over the last several quarters, could mean trouble ahead for many companies who have relied on foreign demand as U.S. growth slowed. “The recent downshift has proved more powerful than expected,” the J.P. Morgan team cautioned."
“The global economic slowdown has broadened and intensified,” wrote J.P. Morgan economists Friday in a note to clients, adding that data released this week “should confirm that that Euro area and Japan contracted last quarter….Emerging market economies are also cooling materially.”
Slowing demand for U.S. exports, which have been a crucial source of strength for the economy over the last several quarters, could mean trouble ahead for many companies who have relied on foreign demand as U.S. growth slowed. “The recent downshift has proved more powerful than expected,” the J.P. Morgan team cautioned."
Study: Kansas Speedway has $243M economic effect - Kansas City Business Journal:
Study: Kansas Speedway has $243M economic effect - Kansas City Business Journal:: "Kansas Speedway generates $243 million in economic activity for the Kansas economy each year, according a study released Monday.
The Washington Economics Group Inc. conducted the study, which showed that Kansas Speedway becomes equivalent to the fourth-largest city in Kansas on race weekends. The speedway’s operations created about 4,000 jobs directly and another 1,000 indirectly. The speedway generates $17 million in yearly taxes for Kansas."
The Washington Economics Group Inc. conducted the study, which showed that Kansas Speedway becomes equivalent to the fourth-largest city in Kansas on race weekends. The speedway’s operations created about 4,000 jobs directly and another 1,000 indirectly. The speedway generates $17 million in yearly taxes for Kansas."
The German antidote to mainstream economics | EnerPub - Energy Publisher
The German antidote to mainstream economics | EnerPub - Energy Publisher: "An antidote to mainstream economics
Orthodox economics today is an arid and rebarbative subject. See, for example, the quotation above from one of its most revered gurus, Friedrich von Hayek. He, like his teacher, Ludwig von Mises, objected vehemently to any attempt by the state to mitigate glaring inequalities. Milton Friedman, another idol of the cult, held (1) that the more unfair competition the better; however, as the British economist Richard Layard has observed (2), we've made a virtue of competition, which means other people are a threat, not a support. Ayn Rand, the Russian-American eulogist of unbridled capitalism, kindly informed us (3) that there are no 'rights' to a 'fair' wage or a 'fair' price if no-one chooses to pay it. Though she died in 1982, her books are still best-sellers in America.
O dear! Try, for a change, the philosophy of the 'Historical School' of economists in 19th-century Germany. Never heard of them? I'm not surprised. They have long been as unfashionable as Marx has recently become; and they are much less accessible than Marx; for most of their work is out of print, has never been translated into English, and can be found only in scholarly research libraries. The British and the Americans have generally been too deeply obsessed with the economics of Adam Smith a"
Orthodox economics today is an arid and rebarbative subject. See, for example, the quotation above from one of its most revered gurus, Friedrich von Hayek. He, like his teacher, Ludwig von Mises, objected vehemently to any attempt by the state to mitigate glaring inequalities. Milton Friedman, another idol of the cult, held (1) that the more unfair competition the better; however, as the British economist Richard Layard has observed (2), we've made a virtue of competition, which means other people are a threat, not a support. Ayn Rand, the Russian-American eulogist of unbridled capitalism, kindly informed us (3) that there are no 'rights' to a 'fair' wage or a 'fair' price if no-one chooses to pay it. Though she died in 1982, her books are still best-sellers in America.
O dear! Try, for a change, the philosophy of the 'Historical School' of economists in 19th-century Germany. Never heard of them? I'm not surprised. They have long been as unfashionable as Marx has recently become; and they are much less accessible than Marx; for most of their work is out of print, has never been translated into English, and can be found only in scholarly research libraries. The British and the Americans have generally been too deeply obsessed with the economics of Adam Smith a"
George Heitmann: Good economics, good politics on oil drilling -- themorningcall.com
George Heitmann: Good economics, good politics on oil drilling -- themorningcall.com: "Offshore drilling and the opening of ANWR have become controversial political issues that are now dividing Democrat and Republican leaders. Sen. Barack Obama is carefully wording his opposition, allowing future scope for changing his position should political expediency dictate. House leader Nancy Pelosi is more adamant in her opposition. Sen. John McCain, as presidential candidates are wont, is also cautious in his endorsement of offshore drilling, giving support with qualifications, and is opposed to ANWR drilling. President Bush is fully in favor of expanding our search for additional domestic oil reserves. Sixty-seven percent of the American public, based on a recent poll, favor such drilling; a good reason for the caution and qualifications of our presidential candidates.
Sen. Obama and Democrat leaders have stressed that such an opening to wider oil company exploration will not have any immediate effect on oil prices. They rightly observe that it takes several years before newly probed oil regions can be properly assessed, and, if deemed economically viable, brought into production. But, one should also note that there is a much shorter delay than there once was between exploratory drilling and the online production that follows an economically successful discovery."
Sen. Obama and Democrat leaders have stressed that such an opening to wider oil company exploration will not have any immediate effect on oil prices. They rightly observe that it takes several years before newly probed oil regions can be properly assessed, and, if deemed economically viable, brought into production. But, one should also note that there is a much shorter delay than there once was between exploratory drilling and the online production that follows an economically successful discovery."
Economics now required in Mississippi Schools
MyFox Gulf Coast | Economics now required in Mississippi Schools: "Dennis Miller is a senior this year at Moss Point High School. He hopes to attend Southern Miss or Georgia Tech after graduation but before then he has to get through economics.
'First day I got here I asked a lot of questions and he was pulling stuff up on the internet, so I'm really getting into it,' said Miller.
Starting with this year's senior class, every student in Mississippi schools will be required to take an economics class in order to graduate. So do students really know about money, saving, and budgeting?
'I had no clue, my momma goes grocery shopping and it's a big deal. I don't even want to be apart of it,' Miller said.
One of Miller's classmates wasn't so frightened by the idea. 'I started about 10th grade, that's when I had my first job and I had to learn to manage my money,' said Jasmine Ashley.
Students entering this class learn everything from balancing a checkbook to the rules of the stock market, but more importantly their teacher said it teaches them how to survive in the real world."
'First day I got here I asked a lot of questions and he was pulling stuff up on the internet, so I'm really getting into it,' said Miller.
Starting with this year's senior class, every student in Mississippi schools will be required to take an economics class in order to graduate. So do students really know about money, saving, and budgeting?
'I had no clue, my momma goes grocery shopping and it's a big deal. I don't even want to be apart of it,' Miller said.
One of Miller's classmates wasn't so frightened by the idea. 'I started about 10th grade, that's when I had my first job and I had to learn to manage my money,' said Jasmine Ashley.
Students entering this class learn everything from balancing a checkbook to the rules of the stock market, but more importantly their teacher said it teaches them how to survive in the real world."
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