Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία (oikonomia, "management of a household, administration") from οἶκος (oikos, "house") + νόμος (nomos, "custom" or "law"), hence "rules of the house(hold)".Political economy was the earlier name for the subject, but economists in the latter 19th century suggested 'economics' as a shorter term for 'economic science' that also avoided a narrow political-interest connotation and as similar in form to 'mathematics', 'ethics', and so forth.
A focus of the subject is how economic agents behave or interact and how economies work. Consistent with this, a primary textbook distinction is between microeconomics and macroeconomics. Microeconomics examines the behavior of basic elements in the economy, including individual agents (such as households and firms or as buyers and sellers) and markets, and their interactions. Macroeconomics analyzes the entire economy and issues affecting it, including unemployment, inflation, economic growth, and monetary and fiscal policy.
Dan Ariely (born April 29, 1968) is an Israeli American professor of psychology and behavioral economics. He teaches at Duke University and is the founder of The Center for Advanced Hindsight.Ariely's talks on TED have been watched 2.8 million times. He is the author of Predictably Irrational and The Upside of Irrationality, both of which became New York Times best sellers.
Dan Ariely was born in New York while his father was studying for an MBA degree at Columbia University. The family returned to Israel when he was three. He grew up in Ramat Hasharon. In his senior year of high school, he was active in Hanoar Haoved Vehalomed, an Israeli youth movement. While preparing a ktovet esh (fire inscription) for a traditional nighttime ceremony, the flammable materials he was mixing exploded, causing third-degree burns over 70 percent of his body.
Ariely was a physics and mathematics major at Tel Aviv University, but transferred to philosophy and psychology when he found the writing too physically taxing. However, in his last year he dropped philosophy and concentrated solely on psychology, in which he received his B.A. He also holds an M.A. and Ph.D. in cognitive psychology from the University of North Carolina at Chapel Hill. He did a second doctorate in business administration at Duke University at the urging of Nobel economic sciences laureate Daniel Kahneman.
Paul Robin Krugman ( /ˈkruːɡmən/; born February 28, 1953) is an American economist, Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University, Centenary Professor at the London School of Economics, and an op-ed columnist for The New York Times. In 2008, Krugman won the Sveriges Riksbank Prize in Economic Sciences (informally the Nobel Prize in Economics) for his contributions to New Trade Theory and New Economic Geography. According to the Nobel Prize Committee, the prize was given for Krugman's work explaining the patterns of international trade and the geographic concentration of wealth, by examining the impact of economies of scale and of consumer preferences for diverse goods and services.
Krugman is known in academia for his work on international economics (including trade theory, economic geography, and international finance),liquidity traps and currency crises. He is the 17th most widely cited economist in the world today and is ranked among the most influential academic thinkers in the US.
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(Verse)
Welcome to economics, let’s now discuss the numbers,
The trap is more than racism, just know the class of
incession
Like there was never sum us, youngers hugging their
mommas,
And there is bad that they say the tool is the small
investment.
But with the debt and the struggling shawty working the
spit in
If they don’t take care of bills will be back to the
strippin
But she no different from the all street cats hustling
Selling dreams for green, having greed and hid the
convict.
Face painted white with the blackest color life on the
line
But what you give for the ass and money
The money before to get to dead presidents
Like the rims in these friends in the seven this
Vietnam at a glance through a better lens
Lost his partner and his fucking mind ever since.
Since Dallas made nothing but since
I’m dreaming so much bigger that I stood on cover in
A red porcupine, pinch in my tent, while 95% of America
controlled by 5%.
Why’d you give up? I ain’t discussing land or dimension
hoes
You get not to mention pimps.
And college is hard tuition with common sense,
Tell you youngers you been failed by the government.
Know the budget for you cops in all jury,
In a few years won’t be no social security.
People insurance ain’t assuring, we sure like sure be
the mad saying caring
Aren’t providing my family a bigger house, got it
gripping by a crib and mess in its account.
(Hook)
I’m ready for the grind, build for the hustle,
All I need is time, got the mind and the muscle,
G by design, I was bunked up by the struggle
On every means, climb to a higher level.
I’m progressing on pride, tires ripping the road,
Be addicted to fame, all my shit is in this dope
Soldier carries flame and I spit from the soul
Going back to the grain we’re so out of control.
Make the world go round, they told me money make the
world go round.
What make the world go round?
Welcome to economics.
I’m progressing on pride, tires ripping the road,
Be addicted to fame, all my shit is in this dope
Soldier carries flame and I spit from the soul
Going back to the grain we’re so out of control.
(Verse)
Crack these arenas filling, it’s like venus my sister
Either way I’m winning like the a William’s kid at
wimble
This life is so expensive, but you get this rare,
Cause you’ll be dead waiting for a pension.
I get that ringling money, that mean I’m with my
siblings
The ADF attitude ever since the beginning
Cause I don’t go by the rules, I swear the nigger
sitting
We party on, we were slaves, but we were so into it
like we wanna get paid.
Now you say it’s money over everything?
Shit, your life must be a bitch and she ain’t never
came.
But it’s cool, cause a heart is a house for love
And for my gang my heart beat like akky cane
Junior, younger fresh out of june
With this aura on his smile, still sublime consumers
Of cocaine, hoping that shit don’t change
For the boys come and get it on each lane till it’s
bang.
(Hook)
I’m progressing on pride, tires ripping the road,
Be addicted to fame, all my shit is in this dope
Soldier carries flame and I spit from the soul
Going back to the grain we’re so out of control.
Your words they tell like teeth through the rotten show
You say the moneys on the table
The moneys on the table
Well I don't think I'll be able to fetch the cash this time
No this time I think I'll walk away
Then I just might to be able I might be able
Think I might be able to respect myself this time
Because its part of me its economics
I do it well enough to get by I don't even have to try
Its not my whole life you are buying with every copper coin
No my friend I'm not for sale anymore
No this time I think I'll walk away
Then I just might to be able I might be able
Think I might be able to respect myself this time
Because its part of me its economics
I do it well enough to get by I don't even have to try
Its not my whole life you are buying with every copper coin