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Econocracy
Econocracy defines a society in which improving the economy has become the main purpose of politics and economic policymaking has become a technocratic process. The term econocrat was first coined by Peter Self in 1976 to describe those with the professional training that qualifies them in the eyes of society as an expert on the economy. The term Econocracy was then developed by several different writers in 2016 to talk about how the economy and economists themselves have come to play a central role in modern societies. Definition Earle, Moran and Ward-Perkins argue in their book ''The Econocracy: The perils of leaving economics to the experts'' that an econocracy has the following characteristics: *A society in which a wide range of political goals are defined and valued in terms of their effect on the economy. *The economy is believed to be a distinct system with its own logic. *This system requires experts to manage it and so economic policymaking increasingly become ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Technocracy
Technocracy is a form of government in which the decision-maker or makers are selected based on their expertise in a given area of responsibility, particularly with regard to scientific or technical knowledge. This system explicitly contrasts with representative democracy, the notion that elected representatives should be the primary decision-makers in government, though it does not necessarily imply eliminating elected representatives. Decision-makers are selected based on specialized knowledge and performance rather than political affiliations, parliamentary skills, or popularity. p.35 (p.44 of PDF), p.35 The term ''technocracy'' was initially used to signify the application of the scientific method to solving social problems. In its most extreme form, technocracy is an entire government running as a technical or engineering problem and is mostly hypothetical. In more practical use, technocracy is any portion of a bureaucracy run by technologists. A government in which elected ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Second World War
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nobel Memorial Prize In Economic Sciences
The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel ( sv, Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an economics award administered by the Nobel Foundation. Although not one of the five Nobel Prizes which were established by Alfred Nobel's will in 1895, it is commonly referred to as the Nobel Prize in Economics. The winners of the Nobel Memorial Prize in Economic Sciences are chosen in a similar way, are announced along with the Nobel Prize recipients, and the prize is presented at the Nobel Prize Award Ceremony. The award was established in 1968 by an endowment "in perpetuity" from Sweden's central bank, Sveriges Riksbank, to commemorate the bank's 300th anniversary. It is administered and referred to along with the Nobel Prizes by the Nobel Foundation. Laureates in the Memorial Prize in Economics are selected by the Royal Swedish Academy of Sciences. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Economic Society
The Royal Economic Society (RES) is a professional association that promotes the study of economic science in academia, government service, banking, industry, and public affairs. Originally established in 1890 as the British Economic Association, it was incorporated by royal charter on December 2, 1902. The Society is a charity registered with the U.K. Charity Commission under charity number 231508. The Society is led by a Trustee Board that is responsible for developing and executing the society's policies and activities. The Society's current president is Prof Nicholas Crafts. In addition, the RES supports a number of committees, including the Women’s Committee and the Conference of Heads of University Departments of Economics (CHUDE). The RES has two peer-reviewed publications: ''The Economic Journal'', first published in 1891, and '' The Econometrics Journal'', first published in 1998. Both journals are available online through the RES website. The Society's other activitie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill Clinton Presidential Campaign, 1992
The 1992 presidential campaign of Bill Clinton, then the governor of Arkansas, was announced on October 3, 1991, at the Old State House in Little Rock, Arkansas. After winning a majority of delegates in the Democratic primaries of 1992, the campaign announced that then-junior Senator from Tennessee, Al Gore, would be Clinton's running mate. The Clinton-Gore ticket went on to defeat Republican incumbent President George H. W. Bush and Vice President Dan Quayle in the presidential election on November 3, 1992, and took office as the 42nd president and 45th vice president, respectively, on January 20, 1993. Candidate background Clinton was the governor of a traditionally conservative Southern state, Arkansas. He had been viewed as a viable presidential candidate before his actual bid in 1992. During the 1988 Democratic Party presidential primaries, where George H. W. Bush, the incumbent vice president, seemed all but inevitable as the president, many turned to Clinton as the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill Clinton
William Jefferson Clinton ( né Blythe III; born August 19, 1946) is an American politician who served as the 42nd president of the United States from 1993 to 2001. He previously served as governor of Arkansas from 1979 to 1981 and again from 1983 to 1992, and as attorney general of Arkansas from 1977 to 1979. A member of the Democratic Party, Clinton became known as a New Democrat, as many of his policies reflected a centrist "Third Way" political philosophy. He is the husband of Hillary Clinton, who was a senator from New York from 2001 to 2009, secretary of state from 2009 to 2013 and the Democratic nominee for president in the 2016 presidential election. Clinton was born and raised in Arkansas and attended Georgetown University. He received a Rhodes Scholarship to study at University College, Oxford and later graduated from Yale Law School. He met Hillary Rodham at Yale; they married in 1975. After graduating from law school, Clinton returned to Arkansas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
It's The Economy, Stupid
"The economy, stupid" is a phrase that was coined by James Carville in 1992. It is often quoted from a televised quip by Carville as "It’s the economy, stupid." Carville was a strategist in Bill Clinton's successful 1992 presidential campaign against incumbent George H. W. Bush. His phrase was directed at the campaign's workers and intended as one of three messages for them to focus on. The others were "Change vs. more of the same" and "Don't forget health care." Clinton's campaign advantageously used the then-prevailing recession in the United States as one of the campaign's means to successfully unseat George H. W. Bush. In March 1991, days after the ground war in Kuwait, 90% of polled Americans approved of President Bush's job performance.Agiesta, JenniferApproval Highs and Lows. ''The Washington Post''. 2007-07-24. But during the following year, Americans' opinions turned sharply; 64% of polled Americans disapproved of Bush's job performance in August 1992. History In ord ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Economic Service
The Government Economic Service (GES) is a professional grouping of public sector economists who work across some 40 departments and agencies of His Majesty's Government (HMG). The GES Board is chaired by the Head of the GES and consists of government chief economists and directors of analysis. GES was founded in 1964 by Sir Alec Cairncross. The GES recruits economists on behalf of the departments and is the largest recruiter of economists in the UK. Professional support for the GES, and since 2010 also for the Government Social Research profession, is provided by the Government Economic and Social Research Team, located at HM Treasury. History From March 2018 the post of the Head of the GES has been held jointly by Sam Beckett and Clare Lombardelli. From June 2007 to July 2010, it held jointly by the Managing Director of Macroeconomic and Fiscal Policy in HM Treasury and Chief Economic Adviser to the Treasury Dave Ramsden CBE and Vicky Pryce Director General of Economics ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Council Of Economic Advisors
The Council of Economic Advisers (CEA) is a United States agency within the Executive Office of the President established in 1946, which advises the President of the United States on economic policy. The CEA provides much of the empirical research for the White House and prepares the publicly-available annual Economic Report of the President. Activities Economic Report of the President The report is published by the CEA annually in February, no later than 10 days after the Budget of the US Government is submitted. The president typically writes a letter introducing the report, serving as an executive summary and used for press coverage. The report proceeds with several hundred pages of qualitative and quantitative research by reviewing the impact of economy, economic activity in the previous year, outlining the economic goals for the coming year (based on the President's economic agenda), and making numerical projections of economic performance and outcomes. Public criticism ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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