Economics

Economics is the social science that describes the factors that determine the production, distribution and consumption of goods and services.

The term economics comes from the Ancient Greek οἰκονομία from οἶκος (oikos, "house") and νόμος (nomos, "custom" or "law"), hence "rules of the house (hold for good management)". 'Political economy' was the earlier name for the subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" to establish itself as a separate discipline outside of political science and other social sciences.

Economics focuses on the behavior and interactions of economic agents and how economies work. Consistent with this focus, primary textbooks often distinguish between microeconomics and macroeconomics. Microeconomics examines the behavior of basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the entire economy (meaning aggregated production, consumption, savings, and investment) and issues affecting it, including unemployment of resources (labor, capital, and land), inflation, economic growth, and the public policies that address these issues (monetary, fiscal, and other policies).

Jagjit Chadha

Jagjit Chadha is an English economist who is currently Professor and Chair in Money and Banking in the Department of Economics at the University of Kent, Professor of Commerce at Gresham College, Chair of the Money, Macro and Finance Research Group and a specialist adviser to the Treasury Select Committee.

Chadha obtained his education from University College London and the London School of Economics. He then became an advisor and researcher at the Bank of England working on monetary economics, in particular on the interaction of financial markets and monetary regimes.

His early academic positions include: Lecturer in Macroeconomics in the Department of Economics at the University of Southampton, Fellow in the Faculty of Economics at Clare College, University of Cambridge, Professor of Economics and Director of the Centre for Dynamic Macroeconomic Analysis at the University of St Andrews.

After a period as the Chief Quantitative Economist at BNP Paribas, Chadha was appointed Professor of Economics in Keynes College at the University of Kent in 2007, where he is Chair in Money and Banking.

Adam Smith

Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish moral philosopher, pioneer of political economy, and a key figure in the Scottish Enlightenment.

Smith is best known for two classic works: The Theory of Moral Sentiments (1759), and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter, usually abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics. Smith is cited as the father of modern economics and is still among the most influential thinkers in the field of economics today.

Smith studied social philosophy at the University of Glasgow and at Balliol College, Oxford, where he was one of the first students to benefit from scholarships set up by fellow Scot, John Snell. After graduating, he delivered a successful series of public lectures at Edinburgh, leading him to collaborate with David Hume during the Scottish Enlightenment. Smith obtained a professorship at Glasgow teaching moral philosophy, and during this time he wrote and published The Theory of Moral Sentiments. In his later life, he took a tutoring position that allowed him to travel throughout Europe, where he met other intellectual leaders of his day.

Atul Singh

Atul Singh is an Indian-born former lawyer, university lecturer, and the founder, CEO and editor-in-chief of Fair Observer, a US-based nonprofit media organization that aims to inform and educate global citizens of today and tomorrow, by providing context, analysis and multiple perspectives on world news, politics, economics, business and culture.

Fair Observer's Managing Editor and Chief Operating Officer is Abul-Hasanat Siddique, a British author and journalist who wrote The Arab Uprisings: An Introduction and is currently working on his forthcoming book, The Youth of the Middle East (2016), examining the key challenges facing the MENA region through the lens of the youth. The Deputy Managing Editor and Culture Editor is London-based journalist Anna Pivovarchuk, having previously worked at the BBC and the United Nations.

Before launching Fair Observer, Singh worked in finance and law, notably as a corporate lawyer in London for Freshfields Bruckhaus Deringer, advising Goldman Sachs. The idea of creating a global news analysis company solidified while attending the New York Global Media Summit in 2010.