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James Foster (economist)
James Eric Foster (born November 4, 1955) is Professor of Economics and International Affairs at the George Washington University, in the Elliott School of International Affairs, researching welfare economics and poverty measurement. He is known for developing the Alkire Foster Method, with University of Oxford professor and OPHI Director Sabina Alkire. He is a board member for the World Bank. Career He received his Ph.D. in Economics from Cornell University where he received the Selma Fine Goldsmith Award for his dissertation. He has also taught at the Krannert School of Management at Purdue University, along with Vanderbilt University. James Foster and Sabina Alkire developed the Alkire Foster Method for Multidimensional Poverty Measurement, a measurement that allows for a more holistic approach to identifying poverty globally, taking into account dimensions like health or education, in a departure from traditional income methods. Today, dozens of countries have adopted th ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Vanderbilt University
Vanderbilt University (informally Vandy or VU) is a private research university in Nashville, Tennessee. Founded in 1873, it was named in honor of shipping and rail magnate Cornelius Vanderbilt, who provided the school its initial $1-million endowment in the hopes that his gift and the greater work of the university would help to heal the sectional wounds inflicted by the Civil War. Vanderbilt enrolls approximately 13,800 students from the US and over 100 foreign countries. Vanderbilt is classified among "R1: Doctoral Universities – Very high research activity". Several research centers and institutes are affiliated with the university, including the Robert Penn Warren Center for the Humanities, the Freedom Forum First Amendment Center, and Dyer Observatory. Vanderbilt University Medical Center, formerly part of the university, became a separate institution in 2016. With the exception of the off-campus observatory, all of the university's facilities are situated on it ...
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Cornell University Alumni
Cornell University is a private statutory land-grant research university based in Ithaca, New York. It is a member of the Ivy League. Founded in 1865 by Ezra Cornell and Andrew Dickson White, Cornell was founded with the intention to teach and make contributions in all fields of knowledge—from the classics to the sciences, and from the theoretical to the applied. These ideals, unconventional for the time, are captured in Cornell's founding principle, a popular 1868 quotation from founder Ezra Cornell: "I would found an institution where any person can find instruction in any study." Cornell is ranked among the top global universities. The university is organized into seven undergraduate colleges and seven graduate divisions at its main Ithaca campus, with each college and division defining its specific admission standards and academic programs in near autonomy. The university also administers three satellite campuses, two in New York City and one in Education City, Qatar ...
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Academics Of The University Of Oxford
An academy (Attic Greek: Ἀκαδήμεια; Koine Greek Ἀκαδημία) is an institution of secondary or tertiary higher learning (and generally also research or honorary membership). The name traces back to Plato's school of philosophy, founded approximately 385 BC at Akademia, a sanctuary of Athena, the goddess of wisdom and skill, north of Athens, Greece. Etymology The word comes from the ''Academy'' in ancient Greece, which derives from the Athenian hero, ''Akademos''. Outside the city walls of Athens, the gymnasium was made famous by Plato as a center of learning. The sacred space, dedicated to the goddess of wisdom, Athena, had formerly been an olive grove, hence the expression "the groves of Academe". In these gardens, the philosopher Plato conversed with followers. Plato developed his sessions into a method of teaching philosophy and in 387 BC, established what is known today as the Old Academy. By extension, ''academia'' has come to mean the accumulation, d ...
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Foster–Greer–Thorbecke Indices
The Foster–Greer–Thorbecke indices are a family of poverty metrics. The most commonly used index from the family, ''FGT2'', puts higher weight on the poverty of the poorest individuals, making it a combined measure of poverty and income inequality and a popular choice within development economics. The indices were introduced in a 1984 paper by economists Erik Thorbecke, Joel Greer, and James Foster. The individual indices within the family are derived by substituting different values of the parameter ''α'' into the following equation: FGT_\alpha=\frac \sum_^H \left(\frac \right)^\alpha where ''z'' is the poverty threshold,'' N'' is the number of people in the economy, ''H'' is the number of poor (those with incomes at or below ''z''), ''yi'' is the income of each individual ''i. ''If \alpha is low then the FGT metric weights all the individuals with incomes below z roughly the same. The higher the value of ''α, ''the greater the weight place on the poorest individuals. ...
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Universidad Autónoma Del Estado De Hidalgo
The Autonomous University of the State of Hidalgo (''Universidad Autónoma del Estado de Hidalgo'' or UAEH) is a public university located in Pachuca, the capital of the State of Hidalgo in east-central Mexico, with campuses statewide. The university was initially founded in 1869. It is the oldest, largest, and most respected research university in the state and a member of the Consortium of Mexican Universities (CUMEX). History The UAEH was the first university established in the state of Hidalgo, tracing its origins to the ''Instituto Literario y Escuela de Artes y Oficios'' (Literary Institute and School of Arts and Crafts), founded in Pachuca in February 1869 by various businessmen and promptly absorbed by the state government under Governor Juan C. Doria. In 1875, the new school moved from a rented house to the former San Juan de Dios Hospital, which had been founded in 1725; this structure is now the Central Building of the university. During the Mexican Revolution, the ...
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Institute For International Economic Policy
The Institute for International Economic Policy (abbreviated as IIEP) is a research institution dedicated to the study of global economic governance, based in Washington, DC at the Elliott School of International Affairs of the George Washington University. Notable IIEP members include Sabina Alkire, James Foster, and Jeni Klugman. Partnerships with organizations like the World Bank Group, International Monetary Fund, Internet Society, and The Nature Conservancy have led to academic conferences and policy seminars. History IIEP was chartered by the George Washington University in July 2007. Its current director is Maggie X. Chen. Former directors include Jay Shambaugh, formerly a member of President Barack Obama's White House Council of Economic Advisers; James Foster, co-creator of the Alkire-Foster method to measure multidimensional poverty; Stephen C. Smith; and founding director Michael O. Moore. Research The Institute's mission is formally to serve "as a catalyst for hi ...
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Literacy
Literacy in its broadest sense describes "particular ways of thinking about and doing reading and writing" with the purpose of understanding or expressing thoughts or ideas in written form in some specific context of use. In other words, humans in literate societies have sets of practices for producing and consuming writing, and they also have beliefs about these practices. Reading, in this view, is always reading something for some purpose; writing is always writing something for someone for some particular ends. Beliefs about reading and writing and its value for society and for the individual always influence the ways literacy is taught, learned, and practiced over the lifespan. Some researchers suggest that the history of interest in the concept of "literacy" can be divided into two periods. Firstly is the period before 1950, when literacy was understood solely as alphabetical literacy (word and letter recognition). Secondly is the period after 1950, when literacy slowly ...
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Kaushik Basu
Kaushik Basu (born 9 January 1952) is an Indian economist who was Chief Economist of the World Bank from 2012 to 2016. He is the C. Marks Professor of International Studies and Professor of Economics at Cornell University, and academic advisory board member of upcoming Plaksha University. He began a three-year term as President of the International Economic Association in June 2017. From 2009 to 2012, during the United Progressive Alliance's second term, Basu served as the Chief Economic Adviser to the Government of India. Kaushik Basu is winner of the Humboldt Research Award 2021. Early life and education Kaushik Basu was born in Kolkata, India, where he attended St. Xavier's Collegiate School. In an autobiographical essay he noted that finishing school in 1969 he was caught in a dilemma. His father wanted him to study physics. But those were revolutionary times and he wanted to study nothing. They settled on economics as half-way compromise between physics and nothing. I ...
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Economic Inequality
There are wide varieties of economic inequality, most notably income inequality measured using the distribution of income (the amount of money people are paid) and wealth inequality measured using the distribution of wealth (the amount of wealth people own). Besides economic inequality between countries or states, there are important types of economic inequality between different groups of people. Important types of economic measurements focus on wealth, income, and consumption. There are many methods for measuring economic inequality, the Gini coefficient being a widely used one. Another type of measure is the Inequality-adjusted Human Development Index, which is a statistic composite index that takes inequality into account. Important concepts of equality include equity, equality of outcome, and equality of opportunity. Whereas globalization has reduced global inequality (between nations), it has increased inequality within nations. Income inequality between nations peak ...
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Amartya Sen
Amartya Kumar Sen (; born 3 November 1933) is an Indian economist and philosopher, who since 1972 has taught and worked in the United Kingdom and the United States. Sen has made contributions to welfare economics, social choice theory, economic and social justice, economic theories of famines, decision theory, development economics, public health, and measures of well-being of countries. He is currently a Thomas W. Lamont University Professor, and Professor of Economics and Philosophy at Harvard University. He formerly served as Master of Trinity College at the University of Cambridge. He was awarded the Nobel Memorial Prize in Economic Sciences in 1998 and India's Bharat Ratna in 1999 for his work in welfare economics. The German Publishers and Booksellers Association awarded him the 2020 Peace Prize of the German Book Trade for his pioneering scholarship addressing issues of global justice and combating social inequality in education and healthcare. Early life and educ ...
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