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Misery Index (economics)
The misery index is an economic indicator, created by the American economist Arthur Okun. The index helps determine how the average citizen is doing economically and is calculated by adding the seasonally adjusted unemployment rate to the annual inflation rate. It is assumed that both a higher rate of unemployment and a worsening of inflation create economic and social costs for a country. Misery index by US presidential administration Variations Harvard Economist Robert Barro created what he dubbed the "Barro Misery Index" (BMI), in 1999. The BMI takes the sum of the inflation and unemployment rates, and adds to that the interest rate, plus (minus) the shortfall (surplus) between the actual and trend rate of GDP growth. In the late 2000s, Johns Hopkins economist Steve Hanke built upon Barro's misery index and began applying it to countries beyond the United States. His modified misery index is the sum of the interest, inflation, and unemployment rates, minus the year-over-yea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Misery Index
Misery Index can refer to: Economics *Misery index (economics), adding the unemployment rate to the inflation rate Entertainment *Misery Index (band), an American death metal band from Baltimore *Misery Index (album), ''Misery Index'' (album), a 1997 album by grindcore band Assück *The Misery Index (TV series), ''The Misery Index'' (TV series), an American television series *''The Misery Index: Notes from the Plague Years'', a 2006 album by Boysetsfire {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barack Obama
Barack Hussein Obama II (born August 4, 1961) is an American politician who was the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, he was the first African American president in American history. Obama previously served as a U.S. senator representing Illinois from 2005 to 2008 and as an Illinois state senator from 1997 to 2004. Born in Honolulu, Hawaii, Obama graduated from Columbia University in 1983 with a Bachelor of Arts degree in political science and later worked as a community organizer in Chicago. In 1988, Obama enrolled in Harvard Law School, where he was the first black president of the ''Harvard Law Review''. He became a civil rights attorney and an academic, teaching constitutional law at the University of Chicago Law School from 1992 to 2004. In 1996, Obama was elected to represent the 13th district in the Illinois Senate, a position he held until 2004, when he successfully ran for the U.S. Senate. In the 2008 pre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cointegration
In econometrics, cointegration is a statistical property describing a long-term, stable relationship between two or more time series variables, even if those variables themselves are individually non-stationary (i.e., they have trends). This means that despite their individual fluctuations, the variables move together in the long run, anchored by an underlying equilibrium relationship. More formally, if several time series are individually integrated of order ''d'' (meaning they require ''d'' differences to become stationary) but a linear combination of them is integrated of a lower order, then those time series are said to be cointegrated. That is, if (''X'',''Y'',''Z'') are each integrated of order ''d'', and there exist coefficients ''a'',''b'',''c'' such that is integrated of order less than d, then ''X'', ''Y'', and ''Z'' are cointegrated. Cointegration is a crucial concept in time series analysis, particularly when dealing with variables that exhibit trends, such as ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hooi Hooi Lean
Hooi Hooi Lean is a Malaysian economist and a professor at the School of Social Sciences in the Economics program at University of Science, Malaysia. Lean acts as an associate editor of Singapore Economic Review, Capital Market Review and Frontiers in Energy and an editor of J. of Asian Finance, Economics and Business and East Asian J. of Business Management. Early life and work Hooi Hooi Lean was born and raised in Penang, Malaysia. She graduated from the University of Malaya with a Bachelor of Economics in Statistics and obtained her Master of Science in Statistics from Universiti Sains Malaysia. She attained her Ph.D. in Economics from the National University of Singapore and served as a post-doctoral visiting scholar at Monash University, Australia's Department of Economics. Additionally, Lean has been a visiting scholar at SungKyunKwan University in South Korea, Tamkang University in Taiwan, CEREFIGE Universitè Nancy 2 in France, and Auckland University of Technology ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Economic Review
The ''American Economic Review'' is a monthly peer-reviewed academic journal first published by the American Economic Association in 1911. The current editor-in-chief is Erzo FP Luttmer, a professor of economics at Dartmouth College. The journal is based in Pittsburgh. It is one of the " top five" journals in economics. In 2004, the ''American Economic Review'' began requiring "data and code sufficient to permit replication" of a paper's results, which is then posted on the journal's website. Exceptions are made for proprietary data. Until 2017, the May issue of the ''American Economic Review'', titled the ''Papers and Proceedings'' issue, featured the papers presented at the American Economic Association's annual meeting that January. After being selected for presentation, the papers in the ''Papers and Proceedings'' issue did not undergo a formal process of peer review. Starting in 2018, papers presented at the annual meetings have been published in a separate journal, '' AEA Pap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andrew Oswald
Andrew Oswald (born 1953) is a Professor of Economics and Behavioural Science at the University of Warwick, England. He is an ISI highly cited researcher and has been a professorial fellow of the ESRC. He is currently a member of the board of reviewing editors of ''Science''. He held previous posts at Oxford, the London School of Economics, Princeton, Dartmouth and Harvard. Andrew Oswald serves as the chair of the IZA Institute Network Advisory Group. Career Oswald went to high school mainly in Perth in Western Australia and in Currie, Edinburgh, Scotland. He holds degrees from the University of Stirling, the University of Strathclyde, and the University of Oxford. He was a lecturer at the University of Oxford in 1983, at Princeton University from 1983 to 1984, at the London School of Economics from 1984 to 1989, and at Dartmouth College from 1989 to 1991, where he was also DeWalt Ankeny Professor of Economics. Oswald has been a Professor of Economics at Warwick Universit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Differential Accumulation
Differential accumulation is an approach for analysing capitalist development and crisis, tying together mergers and acquisitions, stagflation and globalization as integral facets of accumulation. The concept has been developed by Jonathan Nitzan and Shimshon Bichler in their '' Capital as Power''. The concept of differential accumulation emphasizes the powerful drive by dominant capital groups to beat the average and exceed the normal rate of return. This concept is tied to a definition of capital as a social category rather than a material category (as seen by neoclassical thinkers). "Capitalism is not an ‘economic system’, but a whole social order, and its principal category of capital must therefore have an ‘encompassing’ definition." ...capitalization is a forward-looking process. What is being accumulated are claims on the future flow of profit. The pace of accumulation therefore depends on two factors: (a) the institutional arrangements affecting profit expectations; ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mergers And Acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorption, a merger, a tender offer or a hostile takeover. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is the legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. Most countries require mergers and acquisitions to comply with antitrust or competition law. In the United States, for example, the Cl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shimshon Bichler
Shimshon Bichler () is an Israeli educator who teaches political economy at colleges and universities in Israel. Along with Jonathan Nitzan, Bichler has created a power theory of capitalism and theory of differential accumulation in their analysis of the political economy of wars, Israel, and globalization. Work Nitzan and Bichler share an intellectual legacy with institutional political economists such as Thorstein Veblen Thorstein Bunde Veblen (; July 30, 1857 – August 3, 1929) was an American Economics, economist and Sociology, sociologist who, during his lifetime, emerged as a well-known Criticism of capitalism, critic of capitalism. In his best-known book .... In particular, they share Veblen's explanation that business exists with the end of pecuniary (monetary) gain and not the accumulation of goods of consumption or of physical machines. According to their power theory of value (introduced in their '' Capital as Power: A Study of Order and Creorder'', published ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jonathan Nitzan
Jonathan Nitzan is an Israeli-Canadian economist who is Professor of Political Economy at York University, Toronto, Canada. Work Nitzan is the co-author (with Shimshon Bichler) of '' Capital as Power: A Study of Order and Creorder'', published 2009. Their writings focus of the nature of capital in capitalism and provide an alternative view to that of Marxian and neoclassical economics. In their theory, capital is the quantification of power. According to their power theory of value, in capitalism, power is the governing principle as rooted in the centrality of private ownership. Private ownership is wholly and only an act of institutionalized exclusion, and institutionalized exclusion is a matter of organized power. Central to this theory is the concept of differential accumulation where firms strive to profit more by beating the average profit level. Nitzan and Bichler share an intellectual legacy with institutional political economists such as Thorstein Veblen. In particu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Table Of Misery Index Scores
The world is the totality of entities, the whole of reality, or everything that exists. The nature of the world has been conceptualized differently in different fields. Some conceptions see the world as unique, while others talk of a "plurality of worlds". Some treat the world as one simple object, while others analyze the world as a complex made up of parts. In scientific cosmology, the world or universe is commonly defined as "the totality of all space and time; all that is, has been, and will be". Theories of modality talk of possible worlds as complete and consistent ways how things could have been. Phenomenology, starting from the horizon of co-given objects present in the periphery of every experience, defines the world as the biggest horizon, or the "horizon of all horizons". In philosophy of mind, the world is contrasted with the mind as that which is represented by the mind. Theology conceptualizes the world in relation to God, for example, as God's creation, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Steve Hanke
Steve H. Hanke (; born December 29, 1942) is an American economist and professor of applied economics at the Johns Hopkins University in Baltimore, Maryland. He is also a senior fellow at the Independent Institute in Oakland, California, and co-director of the Johns Hopkins University's Institute for Applied Economics, Global Health, and the Study of Business Enterprise in Baltimore, Maryland. Hanke is known for his work as a currency reformer in emerging-market countries. He was a senior economist with President Ronald Reagan's Council of Economic Advisers from 1981 to 1982, and has served as an adviser to heads of state in countries throughout Asia, South America, Europe, and the Middle East. He is also known for his work on currency boards, dollarization, hyperinflation, water pricing and demand, benefit-cost analysis, privatization, and other topics in applied economics. He has written extensively as a columnist for ''Forbes'', ''The National Review'', and other publi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
