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Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty (2011) is a non-fiction book by Abhijit V. Banerjee [1] and Esther Duflo, [2] both professors of Economics at Massachusetts Institute of Technology (MIT) and Nobel Memorial Prize in Economic Sciences laureates. The book reports on the effectiveness of solutions to global ...
“Audit your spending habits,” suggested John Pharr, a certified public accountant in Florida. “So often we spend money mindlessly with little planning or on things that don’t serve us well.”
Problem solving in psychology refers to the process of finding solutions to problems encountered in life. [5] Solutions to these problems are usually situation- or context-specific. The process starts with problem finding and problem shaping, in which the problem is discovered and simplified. The next step is to generate possible solutions and ...
In social science, the free-rider problem is the question of how to limit free riding and its negative effects in these situations, such as the free-rider problem of when property rights are not clearly defined and imposed. [4] The free-rider problem is common with public goods which are non-excludable [b] and non-rivalrous.
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The money spent on the war effort (or peacetime defense spending), for example, is money that cannot be spent on food, clothing, health care, or other sectors of the economy. The stimulus felt in one sector of the economy comes at a direct – but hidden – cost (via foreclosed production possibilities ) to other sectors.
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Collapse: How Societies Choose to Fail or Succeed (titled Collapse: How Societies Choose to Fail or Survive for the British edition) is a 2005 book by academic and popular science author Jared Diamond, in which the author first defines collapse: "a drastic decrease in human population size and/or political/economic/social complexity, over a considerable area, for an extended time."