Fellows of the Econometric Society

Whether it is between men and women or different races, we live in a world where inequality exists in every corner. The type of inequality I will be focusing on is not between the sexes or races, but between the rich and the poor. As Plutarch once said, “An imbalance between rich and poor is the oldest and most fatal ailment of all republics.” Between the two essays, they provide many similarities and differences in opinion regarding the importance of economic inequality, the access of education to all Americans, the role of education in economic inequality, and the importance of the breakdown of the American family in economic inequality. Depending on whether you ask Paul Krugman or Gary S. Becker and Keven M. Murphy why we should care about economic inequality, you will get a very different answer. “The lion’s share of economic growth in America over the past thirty years has gone to a small, wealthy minority, to such an extent it’s unclear whether the typical family has benefitted at all from technological progress and the rising productivity it brings” (Krugman 561). Paul Krugman says this to backup his previous statement that one reason to care about inequality is because of the “matter of living standards” (Krugman 561). Paul Krugman is very adamant about economic inequality hurting the entire lower and middle-class. As Krugman states in his piece, Confronting Inequality, “the lack of clear economic inequality is so high, it actually has very negative consequences for…

In 1654 he left Ireland to go to Oxford to make more progress in his works. Reading in 1657 of Otto Von Guerickes air pump, he put himself with assistance of Robert Hook for improvements, the "machina Boyleana" finished in 1659. Boyle made his first speaking of the law that the volume of gas varies to the amount of gas, which this was called the Boyles Law. In 1663 the invisible College became The royal Society of London for Improving Natural Knowledge. Boyle was names member of the council by…

Jan Tinbergen, Dutch economist was born April 12 1903 in the Netherlands and passed June 9 1994. He has been remembered and recognized for his benefaction in developing econometrics. Tinbergen’s legacy of ethics began after he earned his doctoral degree in physics from Leiden University. There he studied his favorite subjects, mathematics and theoretical physics. Tinbergen was the eldest of five children; he would be the first in his family to accomplish the winning of a Nobel Prize, coming…

homeownership, one can already begin to build or reinforce the neighborly bonds that strengthen a community and reify the social benefits, including neighborhood stability, of homeownership. A benefit of this approach is that winning policies through community organizing and related advocacy is a great way of reinvigorating a community and enlivening public debate (Fabj and Sobnosky, 1995) while simultaneously building a sense of collective efficacy-- or a “faith [among people] in themselves,…

the application of economic theory and quantitative methods to the study of history. Professor Goldin graduated from Cornell University in 1967 with a BA in Economics (Magna Cum Laude) before completing her Masters in 1969 and PhD in 1972 degrees in Economics at the University of Chicago. Before moving to Harvard University (1990), where she is currently the Henry Lee Professor of Economics, Claudia Goldin was an Assistant Professor of Economics at the University of Wisconsin (1971–73) and…

In order to expand their websites, they are also working on equity stakes, which will be sold by businesses. IndieGoGo also uses an algorithm called gogofactor. It tracks the level of activity based on the number of shares, updates and funding attracted. They let projects with a high gogofactor to get exposure in their social media outreach, community and content creation and press access. IndeGogogo also makes a discount for non-profit campaigns. Unlike Kickstarter, it embraces all industries…

called the prospect. If two parties are seeking to sell something to each other, both are marketers. 5 6 CHAPTER 1 MARKETING IN THE TWENTY-FIRST CENTURY Needs, Wants, and Demands The successful marketer will try to understand the target market’s needs, wants, and demands. Needs describe basic human requirements such as food, air, water, clothing, and shelter. People also have strong needs for recreation, education, and entertainment. These needs become wants when they are…